ADEX highlights commitment to support UAE’s vital sectors

 Abu Dhabi Exports Office (ADEX) was a Gold Sponsor at Global Food Week 2024, held from November 26 to 28 at the Abu Dhabi National Exhibition Centre (ADNEC).

Organised by the Abu Dhabi Agriculture and Food Safety Authority, the event highlighted ADEX’s ongoing commitment to supporting key sectors in the UAE and promoting the country’s exports worldwide.

With strong international participation from decisionmakers and top companies in agriculture and food security, the event provided a valuable platform for forging strategic partnerships and boosting global collaboration in these vital areas.

Mohamed Saif Al Suwaidi, Director General of Abu Dhabi Fund for Development and Chairman of the Exports Executive Committee at the Abu Dhabi Exports Office (ADEX), said: “Our sponsorship of the Global Food Week 2024 aligns with our strategic objectives, as it provides a platform to showcase ADEX’s innovative financing solutions. It also offers a valuable opportunity for us to strengthen partnerships with local and international organizations in agriculture and food security, supporting the UAE’s goals of achieving sustainable food security.”

He highlighted ADEX’s vital role in supporting strategic agricultural projects that strengthen sustainable food supply chains locally and globally. He noted that these initiatives have helped the UAE and the region move closer to food self-sufficiency.

At the exhibition held as part of the Global Food Week, ADEX showcased its strategy and efforts to support local businesses and promote Emirati exports with a dedicated pavilion that drew visitors from around the world.

In his presentation, Khalil Al Mansoori, Director General of the Abu Dhabi Exports Office, emphasized ADEX’s mission to turn ambitions into real achievements.

He underscored the office’s commitment to empowering Emirati exporters by helping them enter and grow in global markets. This is made possible through a range of financial support, including export financing and guarantees, designed to improve the competitiveness of UAE exports internationally.
Al Mansoori mentioned that ADEX had provided over Dhs3 billion in credit facilities to support the global expansion of Emirati products and services. These efforts align with the UAE’s food and agricultural transformation strategies, which aim to contribute $10 billion to the GDP and create 20,000 jobs in the food industry.

He emphasised the need for a collaborative approach to address global challenges such as climate change, market volatility, and resource constraints.

He also highlighted the importance of partnerships to build a trading system that drives economic growth, prioritises innovation and sustainability, and supports food self-sufficiency.
Global Food Week is one of the region’s leading events, bringing together experts to showcase innovative solutions in agriculture and food security.

It provides an important platform to tackle global challenges and highlight the latest developments in these fields.

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.

Earlier last month Ras Al Khaimah Chamber of Commerce and Industry and Ras Al Khaimah Economic Zone - RAKEZ, in collaboration with Abu Dhabi Exports Office (ADEX), organised a workshop to highlight the services and finance solutions provided by Abu Dhabi Exports Office, the export financing arm of the Abu Dhabi Fund for Development (ADFD).

The workshop, which took place at Ras Al Khaimah Headquarters, was attended by representatives of the private sector in the emirate in the presence of Dr. Ahmed Al Shemaili, Director-General, Ras Al Khaimah Chamber of Commerce, Ramy Jallad, Group CEO of the Ras Al Khaimah Economic Zone, and representatives of the Abu Dhabi Exports Office.

Representatives of the Abu Dhabi Exports Office made a presentation on the various financing solutions offered by ADEX, including the requirements for obtaining finance and the application procedures.

It also highlighted the competitive advantages provided to exporters and foreign buyers, as well as examples of leading strategic partnerships between the Abu Dhabi Exports Office and local entities and international financial institutions that support the growth of UAE exports and sustainability of the national economy.

Khalil Fadel Al Mansoori, Director-General of ADEX, emphasised, “Our participation in the workshop reflects our keenness to promote ADEX’s credit facilities, that are designed to empower Emirati companies in exporting their goods and services to global markets. We are focused on establishing new strategic partnerships between the UAE and other countries around the world, which will enhance trade exchange, stimulate economic activity, and support the growth of key industrial sectors. These initiatives are crucial for achieving the objectives set forth in the Abu Dhabi Economic Vision 2030 and advancing the UAE’s economic diversification efforts, as well as contributing to the UAE Centennial Plan 2071.”