Page 42 - ECI PR REPORT - AUGUST 2025

8/28/25, 2:22 PM Abu Dhabi Exports Office Highlights Strategic Role In Angola Amidst UAE President's Visit

Abu Dhabi Exports Office Highlights Strategic Role In Angola Amidst
UAE President's Visit

Date Share on Facebook Tweet on Twitter
2025-08-25 05:45:20

(MENAFN- Mid-East Info) Abu Dhabi, UAE – August 2025: Coinciding with the visit of His Highness Sheikh Mohamed bin
Zayed Al Nahyan's, President of the United Arab Emirates, to the Republic of Angola, Abu Dhabi Exports Office ADEX, the
financing export arm of Abu Dhabi Fund for Development ADFD, 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 AED
445 million to support critical projects in technology and infrastructure, in February 2023. The first agreement, valued at
AED 330 million, enables the establishment of two state-of-the-art data centres and a national cloud-computing platform
through Presight, a UAE-based company specializing in artificial intelligence and big data solutions, while the second
agreement, worth AED 115 million, focuses on modernizing 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.

His Excellency Mohammed Saif Al Suwaidi, Director General of ADFD and Chairman of the Exports Executive Committee of
ADEX, emphasized the role of such strategic projects in enabling significant developmental impact while opening new
markets for UAE companies. He added that ADEX's cooperation with Angola reflects the shared vision of both nations in
advancing sustainable development and economic growth, unlocking opportunities and strengthening partnerships.

https://menafn.com/1109974045/Abu-Dhabi-Exports-Office-Highlights-Strategic-Role-In-Angola-Amidst-UAE-Presidents-Visit 1/2