ADEX–EDB Partnership to Unlock AED 1 Billion in Export Financing for UAE Industries - Middle East Business News and Information

Mid East Info

19-05-2025

Strategic agreement announced at 'Make it in the Emirates' to accelerate export growth and advance UAE manufacturing in line with the National Strategy for Industry and Advanced Technology.
Abu Dhabi, UAE –May 2025 – Abu Dhabi Exports Office (ADEX), part of Abu Dhabi Fund for Development (ADFD), and Emirates Development Bank (EDB), the UAE's key financial engine for economic diversification and industrial transformation, have signed a strategic partnership agreement to deploy AED 1 billion over the coming years to UAE-based exporters and manufacturers.
The agreement was witnessed by His Excellency Dr. Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology, and His Excellency Mohammed Saif Al Suwaidi, Director General of Abu Dhabi Fund for Development and Chairman of the Exports Executive Committee at the Abu Dhabi Exports Office. It was signed by His Excellency Ahmed Mohamed Al Naqbi, Chief Executive Officer of Emirates Development Bank, and Khalil Fadel Al Mansoori, Executive Director of the Abu Dhabi Exports Office.
Unveiled during the Make it in the Emirates, the agreement marks a strategic partnership between two of the country's most important export enablers. It will enable UAE companies, particularly private-sector manufacturers, to expand into global markets by supporting capital expenditure, accelerating export-led growth, and contribute to the UAE's economic diversification efforts.
The strategic initiative is directly aligned with the UAE's National Strategy for Industry and Advanced Technology , which aims to increase the industrial sector's contribution to GDP, accelerate the adoption of advanced technologies and transform the UAE into a regional and global hub for future industries.
Through this partnership, both institutions will combine their expertise and resources to deliver innovative financing tools tailored to the needs of local exporters, ensuring a robust support system that fosters long-term growth and global competitiveness.
H.E. Ahmed Mohamed Al Naqbi, CEO of Emirates Development Bank, said: 'This partnership with ADEX gives UAE manufacturers with export ambitions the scale, certainty, and strategic backing they need to grow beyond borders. At EDB, we've already committed more than AED 18.7 billion in financing since 2021, helping to catalyse AED 64 billion in capital expenditure and supporting over 32,000 industrial jobs across the country. This agreement builds on that momentum, reinforcing our role as a national enabler of sustainable industrial growth and extending our support to the export-ready businesses shaping the next chapter of the UAE's economic story.'
Khalil Al Mansouri, Executive Director of Abu Dhabi Exports Office, added: 'Our vision at ADEX has always been to position the UAE as a trusted and competitive global trade partner. This collaboration with Emirates Development Bank will directly support that goal by empowering UAE exporters with the financing required to access new markets and scale their operations. We are grateful to EDB for their partnership, and proud that this initiative reflects the UAE's growing maturity as an exporting nation where government entities work hand-in-hand to build the foundations of a diversified and resilient economy.'
The initiative will be available exclusively to UAE-based private-sector corporates, with funding eligibility contingent on a core set of strategic criteria designed to maximise national impact. To qualify, companies must operate within the manufacturing sector and either generate or demonstrate a clear pathway toward export-based income, reinforcing the partnership's shared goal of accelerating the UAE's non-oil export growth.
About Emirates Development Bank:
Emirates Development Bank (EDB), the UAE's development bank, is a key financial engine for the UAE's economic development and industrial advancement. EDB provides financial and non-financial support to businesses of all sizes—from start-ups and SMEs to corporates—driving economic competitiveness across five strategic priority sectors: advanced technology, food security, healthcare, renewables, and manufacturing. As the first local bank in the UAE to be Great Place to Work-certified, EDB nurtures a high-trust, high-performance culture that drives both business growth and social impact.
EDB was established under Federal Law by Decree No. 07 of 2011 issued by the late Sheikh Khalifa bin Zayed Al Nahyan and became operational in June 2015.
About ADEX:
Established by the Abu Dhabi Fund for Development (ADFD) in 2019, the Abu Dhabi Exports Office (ADEX) offers financing solutions to Emirati exporters to help increase the country's export volume and promote UAE export business in the global markets. ADEX's mandate includes providing credit facilities to overseas buyers and importers via direct and indirect loans and guarantees, thereby enhancing the export sector's pivotal economic role and promoting its global competitiveness. This is in line with the UAE's economic diversification strategy. The entity also seeks to expand the range of locally made exported goods and services, being among the main pillars of the country's sustainable development.