Page 48 - ECI PR REPORT - AUGUST 2025

8/28/25, 2:22 PM Abu Dhabi Exports Office highlights strategic role in Angola
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 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.

The growing presence of ADEX in Angola underscores the UAE's

commitment to expanding economic collaboration with Africa by providing

integrated financing solutions that empower national companies to

confidently access global markets.

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