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8/28/25, 2:21 PM Abu Dhabi Exports Office highlights strategic role in Angola - Business - Corporate - Emirates24|7
Abu Dhabi Exports Office highlights strategic role

in Angola

Published Tuesday, August 26, 2025 By 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

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