Abu Dhabi has announced plans to launch the region’s first social impact bond.
It will tap into private sector funds for implementing social programmes.
Under the scheme, investors’ returns will be based on the success of the social projects that they support.
The Authority for Social Contribution- Ma’an will launch the bond next year in partnership with different public and private entities.
The concept of social impact bonds was first introduced in the UK in 2010 and is now used by more than 40 countries worldwide.
China relaxes visa rules for UK citizens on PM's trip to Beijing
Tesla invests $2 billion in Musk's xAI, reiterates start of Cybercab production
flydubai invests in leadership programmes to strengthen internal talent
Amazon cuts 16,000 corporate jobs, undoing pandemic-era hiring amid AI push
