Page 37 - ETIHAD CREDIT INSURANCE PR REPORT - FEBRUARY 2025

2/20/25, 3:09 PM ECI empowers local exporters in 110 global markets, supporting UAE's growing non-oil economy

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ECI empowers local exporters in 110 global markets, supporting UAE’s growing non-oil economy
The UAE's non-oil sector contributed 75 percent of the country’s total GDP, while ECI’s total credit coverage reached AED11
billion

ECI showcased its advanced credit services at a dedicated pavilion and launched various initiatives that seek to support the country’s
manufacturers and exporters
Published: Wed 19 Feb 2025, 12:21 PM
Etihad Credit Insurance (ECI), the UAE’s federal export credit company, highlighted the substantial role of
exports in driving sustainable development and boosting economic diversity and sustainability. The company
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.
In the first half of 2024, the UAE’s non-oil GDP grew by 4.4 percent annually to AED660 billion. The non-oil
sector contributed 75 percent of the country’s total GDP, while ECI’s total credit coverage reached AED11
billion.
ECI supported local exporters across 17 sectors in 110 markets and maintained its ‘AA-’ Fitch rating for the
seventh consecutive year, reflecting growing confidence in its financial solutions and its expanding role in
export and foreign trade.
Innovative credit solutions drive export growth
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This came as part of its participation as a strategic sponsor at the 25 edition of the GTR MENA. During the
event, ECI showcased its advanced credit services at a dedicated pavilion and launched various initiatives that
seek 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.
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.

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