Page 12 - ETIHAD CREDIT INSURANCE PR REPORT - FEBRUARY 2025

Press Release

As a sponsor of the GTR MENA 2025 in Dubai

ECI highlights its role in empowering exports and

supporting non-oil GDP

19 February 2025: Etihad Credit Insurance (ECI), the UAE’s Federal export credit
company, highlighted the substantial role of the exports sector in driving sustainable
development and boosting economic diversity and sustainability. The company also
reiterated its role in empowering export, re-export and non-oil foreign trade of UAE-
based companies, further strengthening the competitiveness of locally manufactured
goods and facilitating their entry to international markets.

This comes as part of its participation as a strategic sponsor at the 25 edition of the
th
GTR MENA. During the event, which was held on February 18 and 19, 2025 at
Jumeirah Emirates Towers in Dubai, ECI exhibited its advanced credit services at a
dedicated pavilion and launched various initiatives designed to support the country’s
manufacturers and exporters. The company also highlighted its innovative credit
solutions designed to boost the global and regional competitiveness of local companies.

In the first half of 2024, the UAE’s non-oil GDP grew by 4.4% year-on-year, reaching
AED 660 billion. The non-oil sector contributed 75% of the country’s total GDP, while
ECI’s total credit coverage reached AED 11 billion. ECI supported local exporters
across 17 sectors in 110 markets and maintained its ‘AA-’ (very strong) Fitch rating for
the seventh consecutive year, reflecting growing confidence in its financial solutions
and its expanding role in export and foreign trade.

During the event, H.E. Raja Al Mazrouei, CEO of ECI, participated in a session titled
‘Leadership, Innovation, and Sustainability: Empowering Economic Growth.’
The session focused on the crucial contribution of small and medium-sized enterprises
(SMEs) to global trade, highlighting their role in fostering innovation, generating
employment, enhancing trade dynamics and promoting economic diversification.
During the session, she highlighted the UAE’s progressive approach to nurturing
economic growth and diversification by creating a supportive environment for SMEs.
This is further reinforced by flexible regulatory frameworks, growth-oriented policies,
advanced infrastructure for business development and the UAE’s ambitious goal to
become a global industrial hub by 2031 through the UAE’s industrial strategy
‘Operation 300 Billion.’