Page 134 - ETIHAD CREDIT INSURANCE PR REPORT - JUNE 2024

6/20/24, 12:10 PM PRESSR: Etihad Credit Insurance organises workshop to review next phases of ‘Xport Xponential’ initiative — TradingView News
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.

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