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Sun 7 Jun 2020 05:49 PM

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ADGM and ADEX pen agreement to boost UAE exports

ADEX will offer facilities to buyers of ADGM registered companies with local operating offices to support exports from the UAE

ADGM and ADEX pen agreement to boost UAE exports

Abu Dhabi Global Market (ADGM) and the Abu Dhabi Exports Office (ADEX) have signed an MoU to develop the exports climate in the UAE, it was announced on Sunday.

Under the agreement, ADGM and ADEX have committed to a series of collaborative projects, including providing financing to ADGM-related companies for procuring goods and services, and offering banks who representative offices are registered in ADGM with lined of credit to promote UAE exports.

Additionally, ADEX will offer facilities to buyers of ADGM registered companies with local operating offices to support exports from the UAE.

Similarly, both authorities will work together on staff training and the sharing of best practices.

“We are pleased to partner with ADEX as we strive to make a positive contribution to the UAE’s exports landscape and ultimately augment the state of the local economy” said Juma Al Hameli, senior executive director of strategy and business development at ADGM.

“At ADGM, we continuously look to partner with like-minded institutions in an effort to progress the UAE’s agenda for greater economic growth, including the Abu Dhabi economic vision 2030, through the development of key sectors,” he added.

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