The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
ABU DHABI / WAM
A delegation from Abu Dhabi Fund for Development (ADFD) and its export-financing arm, the Abu Dhabi Exports Office (Adex), visited Abu Dhabi Ship Building (ADSB), an entity within Edge. The delegates held discussions with ADSB officials about promoting Emirati companies with ADFD’s support and raising the competitiveness of UAE products in global
markets.
Mohamed Saif Al Suwaidi, Director-General of ADFD and Chairman of the Exports Executive Committee of Abu Dhabi Exports Office (Adex), led the delegation that included Rashid Al Kaabi, Director of the Investments Department; Khalil Al Mansouri, Acting Director-General of the Abu Dhabi Exports Office; and other officials. They were received by David Massey, CEO of ADSB; Mariam Al Moosawi, Director of Finance at ADSB; and Maktoom Al Shehhi, Director of MRO, ADSB.
The officials were briefed about the company’s leading facilities for the design, new build, maintenance and repair of an extensive range of warships and commercial vessels. Al Suwaidi expressed his pride at the advanced level of shipbuilding in the UAE, stressing the importance of the meeting to strengthen strategic cooperation with one of the leading national entities that support our local economy.
Al Suwaidi said that ADFD had established Adex and launched special programmes to support the UAE’s private sector to increase the volume of Emirati exports worldwide and achieving the UAE’s strategic objective to diversify the economy. He reaffirmed the fund’s ambition to support the national companies affiliated with Edge group, including ADSB, a leading organisation that strengthens the UAE’s position as a global hub for future industries.
Massey expressed appreciation for ADFD over the visit, saying that ADSB is keen to build strategic relations with national financial institutions such as ADFD, which plays a vital role in driving sustainable development at a global level, in addition to supporting Emirati companies and the national economy. He also shed light on ADSB’s wide range of services, including the end-to-end design and new build of a wide range of vessels, and maintenance, systems upgrade and conversions of ships for military, commercial, and luxury applications.