Abu Dhabi’s ADEX explores trade opportunities with Tanzanian delegation

ADEX aims to stimulate Tanzania’s economy and improve export potential.

H.E. Mohammed Saif Al Suwaidi, Director General of the Abu Dhabi Fund for Development (ADFD) and Chairman of the Exports Executive Committee of the Abu Dhabi Exports Office (ADEX), today met with Philip Isdor, Vice President of the United Republic of Tanzania to discuss the strengthening of relations between the two countries. The meeting took place during the eighth session of the World Government Summit at Expo 2020 and was attended by Mabrouk Mabrouk, Deputy Minister for Foreign Affairs and East African Cooperation and Khalil Al Mansoori, Acting Director General of ADEX.

ADEX explores opportunities

Al Suwaidi highlighted ADEX’s desire to explore trade and economic opportunities with Tanzania, that would contribute to increasing the volume of trade and stimulating economic activity in the country. He said, “The meeting provided a great opportunity for us to join forces with the UAE’s partner countries and discuss collaborative opportunities that serve the common interests of both sides. Our partnership is especially important considering the COVID-19 pandemic’s economic repercussions and its impact on international trade.”

Al Suwaidi underlined ADEX’s wish to strengthen its cooperation and expand the access of the UAE’s export industry to global markets, including Tanzania. By doing so, he said, ADEX is contributing to the Emirates’ bid to become one of the world’s leading trade destinations.

The need for robust collaboration

Dr. Isdor spoke of the strong relations between the UAE and Tanzania. He also spoke of his country’s wish to broaden its cooperation with the UAE, saying that a wide-ranging partnership would be pivotal to his country’s economy and development. Within this context, he emphasized the importance of building a more robust collaboration with ADEX and capitalizing on its financing solutions.

Al Mansoori commented: “Our meeting with the Tanzanian delegation served as the key to exploring future opportunities and opening new channels for more vibrant trade and economic activities. It took place at a time when the UAE is seeking to strengthen its ties with Tanzania, one of the most promising and vital markets in East Africa. Tanzania offers broad investment and export opportunities.”

“We will look into all key prospects and remain committed to offering our financing solutions to relevant Tanzanian companies that will help boost the UAE’s exports and increase our country’s access to Tanzania and other major African markets,” Al Mansoori added.

The Tanzanian delegation was also briefed on ADEX’s financing solutions offered to the importers of UAE goods and services from both the public and private sectors. ADEX’s offerings aim to enhance the competitiveness of the UAE’s exports and facilitate the entry of Emirati exporters to more markets worldwide. The delegation also acknowledged ADEX strategic objectives and vision that are in line with the UAE’s economic diversification and sustainable development strategies.