UAE donates $ 1.4 million to Counter-Piracy Trust Fund

DUBAI: The UAE has pledged to contribute USD 1.4 million to the international Counter-Piracy Trust Fund, which is financial instrument to implement projects linked to the struggle against maritime piracy.

In the run-up to the public-private international counter-piracy conference to be held here, UAE's Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan has announced the significant contribution.

The two-day conference which will begin today is being jointly organised by the UAE's foreign ministry and global marine terminal operator DP World.

Delivering an example of the sort of public-private partnerships the conference is aiming to develop, the UAE government and UAE-based maritime and related industry will offer USD 1.4 million.

The donations will be given during the international fundraiser event co-chaired by the UAE and the United Nations on Tuesday during the conference, said a statement released by UAE's official news agency WAM.