Page 129 - ETIHAD CREDIT INSURANCE PR REPORT - JUNE 2024

6/20/24, 12:12 PM Latest News

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 a qualitative 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 ‘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

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