Page 28 - ECI PR REPORT - AUGUST 2025

Abu Dhabi Exports Office highlights strategic role in

Angola

• Monday, August 25, 2025 10:08 PM
• 2 minutes Reading

ABU DHBAI, 25th August, 2025 (WAM) – Abu Dhabi Exports Office (ADEX), the financing export arm
of Abu Dhabi Fund for Development (ADFD), has reaffirmed its commitment to advancing national
exports through strategic investments in digital and green infrastructure. These initiatives not only
contribute to Angola’s development journey but also enhance the global presence of Emirati
companies.
Building on this strategic cooperation, ADEX signed two financing agreements with the Government
of Angola worth AED445 million to support critical projects in technology and infrastructure, in
February 2023. The first agreement, valued at AED330 million, enables the establishment of two
state-of-the-art data centres and a national cloud-computing platform through Presight, a UAE-
based company specialising in artificial intelligence and big data solutions, while the second
agreement, worth AED115 million, focuses on modernising street lighting systems across several
Angolan cities using energy-efficient technologies, in collaboration with UAE-based pioneer, Mark
Cables. These financing facilities were structured in partnership with Standard Chartered Bank and
supported by Etihad Credit Insurance, ensuring dynamic financial security and reinforcing the long-
term sustainability of the projects.

Mohammed Saif Al Suwaidi, Director General of ADFD and Chairman of the Exports Executive
Committee of ADEX, emphasised the role of such strategic projects in enabling significant

https://www.wam.ae/en/article/bldgyzm-abu-dhabi-exports-office-highlights-strategic-role