Page 85 - ETIHAD CREDIT INSURANCE PR REPORT - JUNE 2024

David Havlicek, stated, "We are confident that this agreement will contribute to
advancing trade and investment between the two countries in the coming
period. Providing export credit solutions to Czech and UAE companies will
undoubtedly boost their confidence and security, encouraging them to expand

the scope of their mutual business and investments. We will work side by side
with our partners in the UAE to guarantee the success of this agreement and
maximise its benefits."
Raja Al Mazrouei, CEO of Etihad Credit Insurance, said, "This agreement aligns

with ECI's steadfast commitment to broadening its global network of
partnerships with strategic markets, offering innovative credit solutions,
streamlining export operations, reducing risks, and fostering confidence in
exports, re-exports, and foreign trade channels."

The Agreement demonstrates Etihad Credit Insurance's steadfast dedication to
enhancing cooperation with export credit agencies. Over the past few years,
Etihad Credit Insurance has successfully formed around 21 cooperation
agreements with government export credit agencies across the globe. This
move further helps to broaden the ECI's network of collaborations, which is a
crucial component of the recently introduced strategic initiative 'Xport
Xponential'. This initiative aims to support the growth of UAE exports and
increase the diversity of the national economy while also promoting its
sustainability.

EGAP is a specialised state-owned credit insurance company that focuses on

the insurance of non-marketable commercial risks associated with exports of
goods and services from the Czech Republic.
The company's primary focus lies in providing bank loans with a maturity of
more than two years in order to finance the export of energy, machinery,

technological systems, investment projects and transport constructions.

https://www.irishsun.com/news/274431282/uae-enjoys-growing-and-developing-economic-
relations-with-czech-republic-minister-of-economy