Page 124 - ETIHAD CREDIT INSURANCE PR REPORT - JUNE 2024

6/20/24, 12:11 PM Etihad Credit Insurance organises workshop | Web Release
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 ‘Xport Xponential’ 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 ‘Xport Xponential’ 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 banking partners. More institutions and
businesses from both government and private sectors will likely be added to the initiative’s partner list in the subsequent

phases.

In addition to introducing the advantages and innovative insurance plans that Etihad Credit Insurance offers, the
workshop highlighted the company’s commitment to broadening the pool of beneficiaries of the ‘Xport Xponential’

initiative. It also assisted in discovering common strategies to improve the growth and sustainability of the domestic
economy by boosting exports and non-oil foreign trade.

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