Abu Dhabi’s ADEX explores trade opportunities with Tanzanian delegation

By Shilpa Annie Joseph, Official Reporter
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Mr. Mohammed Saif Al Suwaidi, Director-General of the Abu Dhabi Fund for Development (ADFD) and Chairman of the Exports Executive Committee of the Abu Dhabi Exports Office (ADEX), has discussed the ways to strengthen bilateral relations with the Tanzanian delegation led by Dr. Philip Isdor, Vice President of the United Republic of Tanzania.

The meeting was held on the sidelines of the eighth session of the World Government Summit 2022 (WSG2022) at Expo 2020 Dubai.

Commenting on ADEX’s interest to explore trade and economic opportunities with Tanzania, Mr. Al Suwaidi said that, “The meeting provided a great opportunity for us to join forces with the UAE’s partner countries and discuss collaborative opportunities that serve the common interests of both sides. Our partnership is especially important considering the COVID-19 pandemic’s economic repercussions and its impact on international trade.”

Mr. Khalil Al Mansoori, Acting Director-General of ADEX commented that, “Our meeting with the Tanzanian delegation served as the key to exploring future opportunities and opening new channels for more vibrant trade and economic activities.”

“Tanzania offers broad investment and export opportunities, and we will look into all key prospects and remain committed to offering our financing solutions to relevant Tanzanian companies that will help boost the UAE’s exports and increase our country’s access to Tanzania and other major African markets,” Mr. Al Mansoori noted.

For his part, Dr. Isdor highlighted the UAE’s strong ties with Tanzania, emphasizing the country’s desire to expand its collaboration with the Emirates on all fronts. Furthermore, Dr. Isdor emphasized the significance of forging a stronger relationship with ADEX and utilizing its funding options.

According to the reports, “During the visit, the Tanzanian delegation was also briefed on ADEX’s financing solutions offered to importers of UAE goods and services from both the public and private sectors.” Further, they acknowledged ADEX’s strategic objectives and vision that are in line with the UAE’s economic diversification and sustainable development strategies.

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