ADEX chief holds meeting with Ministry of Economic Development officials

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Abu Dhabi: – Khalil Al Mansoori, Acting Director General of the Abu Dhabi Office of Exports (ADEX), met with officials from the Office of Industrial Development representing the Department of Economic Development Abu Dhabi. They reviewed cooperation and strategic partnership, as well as plans to promote exports and support the national economy.

Al Mansoori said: “The meeting is part of an initiative to unite the national effort, strengthen strategic cooperation, create new opportunities for UAE companies and help them develop their businesses and their global footprint.”

He underlined the importance of the cooperation agreement signed last year with the Department of Economic Development of Abu Dhabi, represented by the Bureau of Industry Development, to support national exporters and improve their competitiveness in the world. global scale. He said this facilitates the development of the UAE’s export sector and enables Abu Dhabi companies and factories to highlight their presence on the world trade map.

The meeting also discussed the challenges faced by domestic businesses and explored innovative solutions that would support the growth of the export sector and increase its contribution to Abu Dhabi’s GDP. In addition, the officials discussed ways to develop mechanisms that can support the economic diversification strategy and the promotion of trade between the UAE and the rest of the world.

ADEX was established by the Abu Dhabi Fund for Development (ADFD) in 2019 to provide financing solutions and loan guarantees to UAE exporters and importers who do business with the UAE. It offers buyer credit facilities for the import of Emirati products and services, paving the way for Emirati-owned export companies to find new markets for their products while reducing potential payment risk. ADEX seeks to support the UAE economy by strengthening the export sector.

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About ADEX

Established by the Abu Dhabi Fund for Development (ADFD) in 2019, the Abu Dhabi Export Office (ADEX) offers financing solutions to Emirati exporters to help increase the country’s export volume and promote UAE export activities in world markets. ADEX’s mandate includes providing credit facilities to foreign buyers and importers through direct and indirect loans and guarantees, thereby enhancing the central economic role of the export sector and promoting its global competitiveness. This is in line with the UAE’s economic diversification strategy. The entity also seeks to expand the range of exported goods and services manufactured locally, being among the main pillars of the country’s sustainable development. To learn more about our services and solutions, visit our website or contact us via Facebook, Twitter and Instagram.

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