A AED550 million fund has been allocated to support the UAE’s exports from national companies.
The Abu Dhabi Exports Office says the amount is immediately available to support the capital’s COVID-19 economic recovery.
It’s expected to help the country’s export community become more competitive globally.
The fund also aims to help them expand into international markets where overseas buyers don’t have access to traditional commercial financing during these challenging times.
The announcement is part of ADEX’s National Awareness Campaign to power exporters through the pandemic and beyond.
Mr. Saeed Al Dhaheri, Acting Director General of ADEX, said: “We all share a responsibility to support the financial health and development of our national companies. While today we are talking about economic recovery in the post COVID-19 period, we are all looking ahead to the Next 50”.