The Abu Dhabi Department of Economic Development’s Industrial Development Bureau (IDB) has signed an agreement with the Abu Dhabi Exports Office (ADEX) to support local companies in playing a major role in international trade.
According to the statement from the department, the IDB and ADEX will jointly organize a series of workshops for industrial firms to raise awareness on the benefits of taking part in international trade exhibitions and conferences and promote ties with trade delegations from other countries.
The contract was signed by the executive director of the IDB, Mohammed Munif Al Mansouri, and the acting director-general of ADEX, Saeed Al Dhaheri.
“It is our shared responsibility and commitment to help drive growth in the national export sector by providing solutions which could increase the competitive advantages of local companies, enhance their businesses and expand the scope of their activities geographically to enter new international markets,” said Mr. Al Dhaheri.
“The growth of the export sector represents a key pillar of ADDED’s strategy to attain sustainable economic development in the post-COVID-19 era,” stated Rashed Abdul Karim Al Balooshi, Undersecretary at the Abu Dhabi’s Department of Economic Development.
Abu Dhabi Exports Office
Abu Dhabi Exports Office (ADEX) is established by Abu Dhabi Fund for Development, to provide buyer’s credit facilities in form of loans and guarantees to boost and open new markets for UAE exports. The initiative intends to support the national economy and enhance its competitiveness in line with the UAE’s strategies aimed at advancing economic diversification.
Industrial Development Bureau
The Industrial Development Bureau (IDB) is founded to develop and regulate the manufacturing sector in Abu Dhabi. IDM intends to develop the overall Emirate manufacturing strategy and follow up on its implementation and provide the issuance and renewal of licenses allowing the industrial facility to operate in the Emirate.