The Abu Dhabi Chamber of Commerce and Industry has recently signed a cooperation agreement with the Abu Dhabi Exports Office (ADEX), affiliated with the Abu Dhabi Fund for Development. The purpose of this agreement is to support investors in increasing national export rates and enhancing their ability to compete in global markets. This signing is a part of the efforts by both parties to strengthen the UAE’s position on the global trade map, promote national industries, and encourage companies to export and explore new markets.
During a workshop hosted by the Chamber titled “The Role of the Abu Dhabi Exports Office in Supporting UAE Exports,” representatives from various business sectors and private companies in Abu Dhabi learned about the financing solutions and services provided by ADEX to help manufacturers access global markets and minimize the risk of non-payment. This partnership aims to support the development of the UAE industrial sector, assist entrepreneurs and emerging national companies, and drive the national economy by offering financing solutions for vital projects.
According to Ahmed Khalifa Al Qubaisi, Director General of the Abu Dhabi Chamber, this agreement underscores their commitment to developing and organizing commercial affairs in the emirate, enhancing the investment environment, and opening new markets for investors and small and medium-sized enterprises. Mohammed Saif Al Suwaidi, Director General of ADEX and Chairman of ADEX’s Executive Committee, highlighted that this agreement is crucial in developing UAE industrial sectors and increasing their contribution to GDP.
Under this agreement, ADEX will work closely with investors and companies to assess their financing needs, provide them with financing options such as loans or credit guarantees from foreign importers wishing to import Emirati goods or services. They will also organize training programs related to financing for external buyers that can help them better understand how they can benefit from doing business with Emirati companies. Additionally, both parties will collaborate on initiatives related to entrepreneurship in Abu Dhabi as well as explore potential tools or programs that can finance national exports.
In conclusion, this collaboration between ADEX
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