"DP and Reclore" Mobilization of funds exceeding one billion dollars to enhance the movement of global trade
Dubai, July 23 / WAM / Dubai Ports Group “DP and Drd” contributed to mobilizing funds with more than one billion dollars, as a worker’s assets to support companies in emerging markets, as part of its ongoing efforts to fill the financing gap that hinders world trade, and ensures the flow of goods movement in light of the current global economic challenges.
This achievement came through a mixture of direct financing provided by the group, as well as strategic partnerships with more than 32 international financial institutions, including “GB Morgan”, “Standard Bank”, “Ned Bank” and other major institutions.
The financing solutions provided by these institutions, as well as the group logistical capabilities, contribute to reducing risks and improving the opportunities for capital for companies from all groups that suffer from lack of financing services, which means reducing obstacles to international trade movement.
By combining trade financing initiatives and logistical services packages, “DBDDDRID” provides companies for financing, clarity and immediate transparency in their supply chains.
This integrated model lends to make faster and more enlightened decisions, allowing them to obtain capital as needed.
The global trade financing portfolio managed by the Dubai World Ports Group has proven its ability to build a strong -quality loan record, outperforming the standards recognized in the logistical sector, which enhances the effectiveness of this built -in and data -based model.
World Trade financing services have contributed to the group so far to enabling trade across Africa, American, Asia and Europe, supporting sectors that include agriculture, minerals, cars and engineering businesses.
Sultan Ahmed bin Salim, Chairman and CEO of the Dubai Ports Group “DP and Reel” said: The growth of our business in the field of trade financing confirms the role of the UAE as a catalyst for a global trade movement, and by facilitating access to capital, especially in high -capabilities markets, we can intend to build a more comprehensive and flexible commercial system.
Sinan Ozjan, the first CEO of the Dubai International Ports Group for Commercial Finance, stressed the continuation of “DD World” efforts to facilitate the commercial flow, and he said: The cross -border trade is the global economic growth engine, but obtaining affordable financing is still a huge obstacle for many companies, especially small and medium -sized companies in emerging markets.
He added: Our success in mobilizing one billion dollars through the group’s trade financing platform embodies our commitment to facilitating companies’ access to capital, simplifying procedures, and ensuring the flow of global trade in a more reliable and efficient way.
It is worth noting that the financing gap in global trade, which is estimated at 2.5 trillion US dollars according to a questionnaire for the Asian Development Bank, limits the opportunities available to companies in developing economies, especially those that cannot reach traditional financing because of their limited credit record, lack of guarantees, or weak public budgets that they classify as high -risk.
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