UAE, 16 April, 2025 : The Abu Dhabi Exports Office (ADEX) has signed a US$235 million (AED 863 million) syndicated loan agreement with Trafigura, in collaboration with Sumitomo Mitsui Banking Corporation (SMBC) and Commercial Bank of Dubai (CBD). The deal aims to support Trafigura’s acquisition of UAE-produced commodities and strengthen the country’s global trade presence.
ADEX is leading the financing with US$150 million, while CBD and SMBC contributed US$65 million and US$20 million respectively. The funds will enable Trafigura to purchase energy, metals, and minerals from the UAE, supporting the nation’s economic diversification strategy.
The agreement, signed by Khalil Fadel Al Mansoori of ADEX and representatives of the partner institutions, reinforces the UAE’s efforts to become a competitive export hub. Officials from Abu Dhabi Fund for Development and other stakeholders also attended the ceremony.
ADEX Director-General Mohamed Saif Al Suwaidi stated the agreement will help UAE exporters expand globally, promoting sustainable growth. Trafigura’s Group Treasurer Laurent Christophe added that the partnership integrates UAE resources into global supply chains.
SMBC and CBD executives emphasized the strategic role of the UAE in global trade and the importance of innovative financing solutions in building resilient economic partnerships.
This milestone agreement aligns with the goals of Abu Dhabi Economic Vision 2030 and We the UAE 2031, highlighting the impact of public-private cooperation in driving the country’s long-term prosperity.
Source : www.zawya.com
