ADFD to study export finance programme with KDI

ABU DHABI / WAM

Abu Dhabi Fund for Development (ADFD) appointed the Korea Development Institute (KDI), a Korean think tank, as expert consultant to advise on the need for a UAE-based Export Finance Programme. Mohammed Saif Al Suwaidi, Director-General of ADFD, and Dr Joon-Kyung Kim, President of KDI, signed a cooperation agreement in this regard at Fund’s headquarters.
As an initial step and in collaboration with key stakeholders from 10 UAE federal and local institutions, ADFD led a National Export Finance Programme seminar to launch a feasibility study. The seminar was attended by the Ministry of Foreign Affairs and International Cooperation, Ministry of Economy, Ministry of Finance, Federal Customs Authority, Federal Competitiveness and Statistics Authority, Abu Dhabi Chamber of Commerce and Industry, Dubai Chamber of Commerce and Industry, Abu
Dhabi Department of Economic
Development, and Dubai Exports.
Al Suwaidi in his speech said, “HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation and Deputy Chairman of ADFD, has put forward a directive to determine the need for a National Export Finance Programme. In collaboration with our new strategic partner (KDI), we have taken the lead in launching a feasibility study to assess necessity of such a programme for boosting UAE’s future exports and foreign trade as well as for advancing sustainable development in the country.” He added, “I am confident our combined expertise and industry know-how across diverse areas of specialisation will drive best practices and enable us to understand the feasibility and market demand for a multi-dimensional landmark programme of this kind.”