July 2, 2020

SCCI, ADEX Hold Joint Webinar on Financing Services Boost UAE Exports

The event comes as part of the bilateral memorandum of understanding (MoU) which aims to enhance joint cooperation and to join efforts to help national companies from the SCCI members to expand its export operations

Sharjah: The Sharjah Chamber of Commerce & Industry (SCCI) recently organized a joint webinar with the Abu Dhabi Exports office (ADEX) of Abu Dhabi Fund for Development, titled “Financial Services and Solutions for the Development of the UAE export companies”.

The event comes as part of the bilateral memorandum of understanding (MoU) which aims to enhance joint cooperation and to join efforts to help national companies from the SCCI members to expand its export operations and access new markets, through the utilization of financing services and guarantees offered by ADEX.

The webinar was attended by His Excellency Mohammad Ahmed Amin Al-Awadi, SCCI Director-General, and Mr. Saeed Al Dhaheri, Acting Director-General of ADEX, and Abdul Aziz Shattaf, SCCI Assistant General Director, Members Services Sector and Director of Sharjah Exports Development Center, and with the participation of a host of UAE companies and factories operating in the Emirate of Sharjah.

The webinar touched on introducing the services and activities of ADEX and how to make use of the financing services and guarantees to develop the exports of the UAE companies and help them compete in global markets, It also highlighted the AED 550 million allocated by ADEX in 2020 to help finance the export contracts of the UAE companies and how to make use of the financial solutions and services provided by ADEX, as an effective strategic tool that enables the UAE companies to develop and expand their businesses and overcome obstacles and challenges facing them in providing cash liquidity.

A step forward towards more programs and initiatives Commending the ADEX’s role in supporting and empowering the UAE companies and helping them overcome COVID-19 repercussions, His Excellency Mohammad Ahmed Amin Al- Awadi, SCCI Director-General, pointed out the webinar is a step forward towards more programs and initiatives according to the bilateral MoU.

“The SCCI strives to provide all the support to the local private sector through innovative programs and initiatives to help them achieve the best positive returns and access to innovative business models that improve their services and activities, as this would help enhance the performance of Sharjah’s economy and the business community. Also, the Chamber is keen to promote the UAE’s and Sharjah’s investment benefits by highlighting their attractive environment and the facilities provided by the Chamber to investors in innovative ways consistent with the current situation,” he noted.

Fostering the national campaign objectives Praising the effective cooperation between ADEX and SCCI, Mr. Saeed Al Dhaheri said this webinar is part of the national campaign objectives to help business owners and UAE companies leverage ADEX’s financial solutions and services to develop the UAE exports in the global markets and to expedite the national economic recovery in view of the global challenges of COVID-19 pandemic.

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