"Abu Dhabi Export" He expands his partnership with "BGN ”to 232.5 million dollars

Abu Dhabi, February 19 / WAM / The Abu Dhabi Export Office “ADX” announced the increase in trade financing facilities with the “BGN” group from 100 million US dollars to 232.5 million US dollars, in cooperation with 9 banking institutions and national banks.
This agreement constitutes a major turning point in the role of the Abu Dhabi Export Office aimed at enhancing the UAE’s ability to increase its exports, and open broader horizons for Emirati companies to reach new markets.

This strategic expansion comes at a time when the global commercial sector is witnessing a remarkable growth, which enhances the ability of Emirati companies to take advantage of the opportunities available internationally.
The agreement was signed by Mr. Khalil Fadel Al -Mansouri, Director General of the Abu Dhabi Export Office, Mrs. Roya Bagan, CEO of BGN and bank officials; National Fujairah, Abu Dhabi I, Abu Dhabi Commercial, Dubai Commercial, Al -Mashreq, Al -Arabi, Ras Al -Khaimah Al -Nationality, the Emirates NBD and Ajman.
His Excellency Mohamed Saif Al -Suwaidi, Director General of the Abu Dhabi Development Fund, and Chairman of the Executive Committee for Export at the Abu Dhabi Export Office, said that expanding the partnership with the “BGN” group represents an important step to support Emirati exporters, and opens up new opportunities for growth and expansion.

He stressed that this agreement reflects the UAE’s commitment to consolidating its commercial position globally by building strategic partnerships that enhance exports and support economic diversity, explaining that cooperation with national banks is an essential pillar in achieving this goal; It contributes to enhancing the competitiveness of Emirati companies and supports their access to global markets, achieving the sustainable growth of the national economy.

For its part, Roya Bagan, CEO of the BGN Group, confirmed that the increase in financing supports the group’s business growth and enhances building new partnerships with leading Emirati institutions in the field of financing and trade.

She pointed out that this agreement contributes to the company’s activity and enhances its role in the energy and commodity markets, and provides it with great opportunities to expand its presence globally.
Senior executives of the participating national banks and banking institutions expressed their appreciation for fruitful cooperation with the Abu Dhabi Export Office and the “BGN” group and stressed the importance of this partnership in enhancing the ability of the United Arab Emirates to compete in international markets and support sustainable economic growth.
They pointed out that this agreement constitutes an important strategic step towards accelerating the growth of the commercial sector in the country, as it comes at a time when the World Trade Sector is witnessing remarkable growth, which enhances the opportunities of Emirati companies to reach promising markets and open greater horizons for international expansion.

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