Page 117 - ETIHAD CREDIT INSURANCE PR REPORT - JUNE 2024

6/20/24, 12:10 PM Etihad Credit Insurance Organises Workshop To Review Next Phases Of 'XportXponential' Initiative, Highlights Its Role In Shaping…
Etihad Credit Insurance Organises Workshop To Review Next Phases Of

'XportXponential' Initiative, Highlights Its Role In Shaping Comprehensive
Financing Environment For Local Exporters

Wednesday, June 12, 2024

Etihad Credit Insurance (ECI), the UAE Federal export credit company, organised a workshop to
discuss the upcoming phases of the ‘XportXponential’ initiative. The goal of the workshop was to
discuss the practical elements that will influence the successful execution of the initiative, the
expected strategic alliances between stakeholders in the upcoming stages, as well as its role in
providing a comprehensive financing environment for local exporters.

Her Excellency Raja Al Mazrouei, CEO of Etihad Credit Insurance, presented the initiative
extensively during the workshop, covering its goals, partnerships that are currently in place, as well
as the prerequisites and procedures for joining them. She also went over the key figures and
anticipated results.

Her Excellency stated,“Through this initiative, we hope to make aqualitative shift in the UAE's
foreign trade landscape and seek to support local manufacturers and exporters in expanding into new
offshore markets.At Etihad Credit Insurance Group, we reaffirm our commitment to supporting them
and prioritise all of our insurance, financing, and advisory capabilities to help strengthen the UAE's

position as an effective global economic centre and a highly influential trade partner in the global
trade segment.”

Her Excellency went on to explain how the country's goal of increasing non-oil exports to AED 800
billion and the GDP to AED 3 trillion through the ‘XportXponential’ initiative is a practical
manifestation of the ‘We the UAE 2031’ strategy's objectives.Additionally, it seeks to leverage the
mutual confidence and cooperation fostered by the Comprehensive Economic Partnership Agreements
(CEPAs) to boost trade between the nation and its various partners, bringing the volume of foreign
trade up to AED 4 trillion by the next decade.

The workshop also featured Haitham Al Khazaleh, Director of Risk Managment at Etihad Credit
Insurance, Majed Julfar, Director of TCI and Export Financing,and Mansoor Al Khaja, Director of
Finance and Admin. They addressed the attendees’ inquiries and responded to their recommendations
regarding the components of the initiative and the criteria for joining it.

Since its launch, the ‘XportXponential’ initiative has grown its partner network to include a broad
range of federal and local entities. These include the Abu Dhabi Department of Economic
Development (ADDED); the Department of Economy and Tourism in Dubai; Ajman Economic
Development Department; Fujairah Department of Industry and Economy(IEDFUJ); Khalifa Fund for
Enterprise Development(KFED); Ras Al Khaimah Economic Zones (RAKEZ); Dubai Airport
Freezone (DAFZ); and Sharjah Chamber of Commerce and Industry (SCCI).

The initiative also includes Emirates Development Bank (EDB); Abu Dhabi Commercial Bank
(ADCB);First Abu Dhabi Bank (FAB); Dubai Commercial Bank (CBD), Ajman Bank, the National
Bank of Ras Al Khaimah (RAKBANK), and Fujairah National Bank (NBF) among its financial and

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