In a major step towards reinforcing the UAE’s global trade footprint and advancing economic diversification, the Abu Dhabi Exports Office (ADEX) has signed a syndicated loan agreement worth $235 million (AED863 million) to support Trafigura, a global leader in commodity trading.
The agreement, formed in collaboration with Japan’s Sumitomo Mitsui Banking Corporation (SMBC) and the Commercial Bank of Dubai (CBD), will finance Trafigura’s acquisition of UAE-origin commodities in sectors such as energy, metals, and minerals, strengthening the UAE’s position as a competitive global trade hub.
Under the agreement:
ADEX is leading with a $150 million contribution
CBD has contributed $65 million
SMBC, acting as syndication coordinator, added $20 million
The deal was signed by Khalil Fadel Al Mansoori, Executive Director of ADEX, alongside key representatives from Trafigura, SMBC, and CBD. Officials from Abu Dhabi Fund for Development (ADFD) and other partners were also present at the signing ceremony.
H.E. Mohamed Saif Al Suwaidi, Director General of ADFD and Chairman of ADEX’s Exports Executive Committee, highlighted the strategic nature of the agreement:
“This initiative is part of ADEX’s broader mission to enable UAE businesses to thrive globally. By offering flexible financing, we are empowering national companies to reach new markets and accelerate sustainable economic growth.”
Laurent Christophe, Group Treasurer at Trafigura, emphasized the partnership’s impact on global supply chains:
“This collaboration allows us to integrate top-quality Emirati commodities into fast-growing markets, while supporting the UAE’s long-term economic ambitions.”
From SMBC, Jonathan Joseph-Horne, Co-Head of Global Trade Finance (EMEA), remarked:
“This deal highlights international confidence in the UAE’s export strength and its commitment to sustainable trade. We’re proud to help enhance cross-border economic resilience.”
Fahad Al Muhairi, General Manager of Institutional Banking at CBD, added:
“This agreement reflects our commitment to advancing the UAE’s global trade leadership through innovative finance solutions that drive development, job creation, and technological innovation.”
This landmark partnership aligns with national initiatives such as the Abu Dhabi Economic Vision 2030 and We the UAE 2031, positioning ADEX as a catalyst for sustainable trade and robust public-private sector collaboration. By tapping into Trafigura’s global network, the deal is set to unlock new export opportunities for UAE-based companies and bolster the nation’s role in international commerce.
