Page 48 - ECI PR REPORT - AUGUST 2025
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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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Russian President V ladimir Putin's bodyguards reportedly carried a poop sui tcase to collect his
faecal waste during the Friday Alaska summi t wi th US President Donald Trump, as reported b…
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