Key highlights
- ADNOC partners with Comera Financial Holdings to enhance financial access for UAE SMEs.
- The initiative provides quick access to purchase order financing through an automated platform.
- The program aims to improve SME cash flow and support UAE economic diversification.
Partnership Overview
ADNOC has formed a strategic partnership with Comera Financial Holdings to improve financial access for UAE-based SMEs and suppliers. This collaboration aims to streamline access to working capital, enabling faster delivery on ADNOC purchase orders.
Automated Financing Platform
The initiative will introduce an automated platform that connects SMEs and suppliers directly to lender support. This system is designed to enhance liquidity and operational scalability, fostering sustainable growth for local businesses.
Economic Impact
The partnership supports the UAE's economic diversification by strengthening supply chain resilience and boosting local manufacturing and job creation. It aligns with ADNOC's In-Country Value Program, which enhances private-sector competitiveness.
