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ABU DHABI, June 1: His Excellency Mohamed Saif Al Suwaidi, Director General of the Abu Dhabi Fund for Development, said that the Abu Dhabi Office for Exports (ADEX), which is affiliated with the Fund, provided financing to the industrial sector and manufacturers in the UAE, estimated at more than 1.5 billion dirhams.
He added, in a statement to the Emirates News Agency, WAM, during the activities of the “Make in the UAE” forum, that the fund participates in the forum as a strategic partner that has accumulated experience that extends to about 51 years and is present in more than 100 countries around the world, and seeks to harness this expertise to serve the private sector in the UAE. Especially manufacturers and service providers.
He pointed out that the Abu Dhabi Fund for Development is looking forward, through the Abu Dhabi Export Office, to increase the financing provided to the private sector in the UAE during the next stage, in a way that contributes to enhancing the competitiveness of Emirati companies.
During the year 2022, the Abu Dhabi Office for Exports made exceptional efforts to support and diversify the national economy and enhance the capabilities of Emirati companies, by providing financing worth 959 million dirhams to increase the volume of national exports and open new horizons for Emirati industries, as it worked during the past year to target new regional and global markets, characterized by the economy growing and promising.
The office also provided a variety of financing solutions and guarantees to foreign buyers and provided support facilities to enable them to import Emirati goods and services according to appropriate terms and competitive advantages. This contributed to raising the level of contribution of UAE companies and providing competitive opportunities for national goods and products to reach various international markets.
