Page 40 - ETIHAD CREDIT INSURANCE PR REPORT - FEBRUARY 2025

2/20/25, 3:09 PM ECI highlights its role in empowering exports and supporting non-oil GDP
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.’

Furthermore, H.E. Al Mazrouei underscored the key role of non-oil trade in the UAE’s economy, with the sector contributing approximately 75 per cent
of the overall GDP. She explained that the UAE’s collaborations and partnerships, which include comprehensive economic partnership agreements
(CEPAs), have played a crucial role in facilitating seamless market access for SME products. She further highlighted the critical role of innovative
credit solutions, trade easing initiatives enhancing of export, streamlining of logistics region and the joint efforts between the public and private sectors
in strengthening non-oil exports, re-exports and foreign trade for UAE-based companies.

The event also underscored the need for enhanced communication and collaboration among organisations and industry stakeholders to develop
capabilities and enhance trade, imports and exports at both local and global levels. The key focus was on strategic planning to follow a progressive
approach that efficiently addresses challenges and shapes a dynamic future. During the sessions, experts stressed that collaborations among key
players of the international trade ecosystem, including financial organisations, exporters and importers, are essential for achieving sustainable
growth. They highlighted the significance of establishing channels for exchanging expertise and knowledge to enable businesses, particularly SMEs,
to overcome barriers in accessing global markets.

The GTR MENA event featured over 80 speakers and 45 presenters, exploring a wide range of topics, including the impact of digitalisation on the
future of trade finance, the role of financial technology and innovations, and regulatory frameworks designed to address challenges such as supply
chain resilience and bridging gaps in trade finance. Additionally, discussions covered the role of institutional investors in boosting liquidity, meeting
supply chain finance demands, and supporting regional economic diversification, particularly in the GCC region and Africa. The event also delved into
digital advancements, investment strategies and strategic collaborations that contribute to a more flexible and efficient global trade landscape.

-Ends-

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