Abu Dhabi Exports Office signs $121m in green finance deals with Angola

Abu Dhabi Exports Office signs $121m in green finance deals with Angola
Abu Dhabi Exports Office signs $121m in green finance deals with Angola

The Abu Dhabi Exports Office (ADEX) has signed a series of green finance deals worth $121 million with Angola, marking a significant step forward in the efforts to support sustainable development in the African nation. The agreements were signed during a virtual ceremony, attended by senior officials from both countries, including H.E. Dr. Sultan Al Jaber, the Minister of Industry and Advanced Technology of the United Arab Emirates, and H.E. Dr. José Manuel Gomes Lourenço, the President of the Republic of Angola.

The green finance deals are aimed at supporting Angola’s efforts to transition to a low-carbon, sustainable economy, and will fund a range of projects, including the development of renewable energy, energy efficiency, and sustainable transportation initiatives.

“The agreements signed today between the Abu Dhabi Exports Office and Angola are a major milestone in our efforts to promote sustainable development and support the transition to a low-carbon economy,” said H.E. Dr. Sultan Al Jaber. “These deals will not only help to drive economic growth and create jobs, but they will also play an important role in mitigating the impacts of climate change and promoting a more sustainable future for all.”

Angolan President H.E. Dr. José Manuel Gomes Lourenço emphasized the significance of the agreements for Angola, saying, “These green finance deals will play a critical role in supporting our efforts to transition to a low-carbon, sustainable economy. With the support of the Abu Dhabi Exports Office, we are confident that we can achieve our goals and create a better future for our citizens.”

The Abu Dhabi Exports Office is a key player in the UAE’s efforts to promote sustainable development and support the transition to a low-carbon economy. By partnering with Angola, ADEX is demonstrating its commitment to supporting sustainable development across the African continent and helping to drive economic growth and create jobs in the region.

“The two agreements constitute an important starting point for a new phase of developmental co-operation with the government of Angola,” said Mohamed Al Suwaidi, director general of Abu Dhabi Fund for Development and chairman of the exports executive committee of the Adex.

“They contribute to building efficient partnerships to support the development of modern, environment-friendly infrastructure in Angola in co-operation with well-established UAE companies, as well as companies based in Angola. These activities will also contribute to the efforts to diversify the UAE’s economy.”

The green finance deals signed between ADEX and Angola are set to have a lasting impact on the country’s efforts to transition to a low-carbon, sustainable economy and will help to support the development of important projects and initiatives aimed at mitigating the impacts of climate change. With this agreement in place, both countries are poised to make a significant contribution to the global efforts to build a more sustainable future.

Leave a Reply

Your email address will not be published. Required fields are marked *

Previous Post
Anwar Gargash Diplomatic Academy, Abu Dhabi, UAE signs landmark MoU with O.P. Jindal Global University, India

Anwar Gargash Diplomatic Academy, Abu Dhabi, UAE signs landmark MoU with O.P. Jindal Global University, India

Next Post
ACCA's women in finance expands mission across the region

ACCA’s women in finance expands mission across the region

Related Posts
Al Ansari IPO: UAE money exchange may raise as much as $210m

Dubai’s Al Ansari Exchange has completed its first public offering (IPO), generating Dh773 million.

The UAE money and exchange company Al Ansari Financial Services may raise up to Dh773 million ($210 million) via the sale of a 10% interest in an initial public offering. According to the firm, it is selling 750 million shares and has set the offer share price range at between Dh1 and Dh1.03 per share, implying a market capitalisation of between Dh7.5 billion ($2.04 billion) and Dh7.73 billion ($2.10 billion) at listing.
Read More