(MENAFN- Mid-East.Info)
Abu Dhabi: As part of its mission to drive sustainable growth of Emirati- manufacturing and export companies, the Abu Dhabi Export Office (ADEX) held a webinar to showcase its leading financing solutions which can help boost exports and enhance local companies' competitiveness in global markets.
Themed ' Financing Solutions and services to support UAE export businesses growth ', the webinar was attended by several local companies and manufacturers. ADEX presented its key financing solutions that were designed to increase the export of goods and services. It also explained the eligibility criteria and application process and highlighted the key advantages of tapping ADEX's solutions not only for exporters, but also for overseas buyers and importers.
Saeed Al Dhaheri, Acting Director General of ADEX said that the webinar was timely held days prior to the opening of the EXPO 2020 as it shed light on the key opportunities that will arise from the global exposition, which is the largest of its kind to be held during this pandemic, and help local companies generate new leads and partnerships to enhance their growth prospects at the global level.
Al Dhaheri further noted that national manufacturing companies serving various sectors continue to gain generous support from the government.“Thanks to the unwavering support of our wise leadership to the export sector, you are well-positioned to achieve global expansion. We at ADEX believe that communicating more effectively and efficiently can help address these prevailing issues to further boost the local export industry, especially as international markets begin to open again,” he added.
Al Dhaheri further talked about the export financing solutions being provided by ADEX which aims to support the country’s economic diversification policy in non-oil sectors and help drive the strategic expansion of national companies.
“ADEX plays an important role as a direct contributor to the country’s development and a true partner in helping achieve the objectives of the 10×10 programme. We aim to support overseas buyers and importers to enable them to purchase Emirati goods and services and thereby facilitate the growth of the country’s exports. We aim to continue our efforts and initiate cooperation and coordination to achieve our desired goals and increase the growth in this vital sector and become an active contributor to the growth of the national economy, with the ultimate goal of enhancing the UAE's position as among the leading countries exporting its national products to the world,” Al Dhaheri concluded.
During the webinar, a panel discussion was held on the current key challenges related to international trade growth and how ADEX's financial solutions can help in overcome these challenges. Also, the webinar discussed trade opportunities available to UAE exporters in African markets in line with the cooperation and line of credit agreement between ADEX and the Eastern and Southern African Trade and Development Bank (TDB).
ADEX recently celebrated the second anniversary of its establishment under the Abu Dhabi Fund for Development (ADFD). It aims to provide credit facilities to importers and foreign buyers in the form of loans and guarantees to enable them to purchase Emirati goods and services. This contributes to increasing national export rates and opening new markets to national companies, enabling them to boost the exports sector's contribution to non-oil GDP and further strengthen the country's economic diversification policy to achieve sustainable development.
About ADEX :
Established by the Abu Dhabi Fund for Development (ADFD) in 2019, the Abu Dhabi Exports Office (ADEX) offers financing solutions to Emirati exporters to help increase the country's export volume and promote UAE export business in the global markets. ADEX's mandate includes providing credit facilities to overseas buyers and importers via direct and indirect loans and guarantees, thereby enhancing the export sector's pivotal economic role 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 locally made exported goods and services, being among the main pillars of the country's sustainable development.
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