Page 16 - ETIHAD CREDIT INSURANCE PR REPORT - OCTOBER 2024

Press Release

H.E. Al Mazrouei said: “This collaboration agreement with MIGA marks a significant stride in
the company’s growth trajectory, providing new opportunities for initiating joint investment
projects based on the expertise and potential of both parties. With this mutual cooperation, we aim
to provide a broader spectrum of clients with cutting-edge insurance and investment solutions,
enabling them to move ahead confidently with the development and expansion of their projects and
activities and to fortify their market position. Furthermore, the agreement stands out considering
the UAE’s strong reputation as an ideal hub for global investment, with the country being ranked
second globally for FDI inflows in 2023.”

Hiroshi Matano, Executive Vice President of MIGA, stated: “The agreement with ECI
showcases our commitment to expand partnerships to offer a wide range of services to attract
foreign direct investment in emerging markets and developing countries. We hope to co-create
innovative financial solutions to address private sector needs in our member countries.”

The UAE has a unique presence in the global investment landscape, with a total of the UAE’s
investments aboard being estimated at USD 2.5 trillion as of early 2024 and the country’s FDI
balance at the end of 2023 rising to nearly USD 225 billion, a 15.8 per cent increase over 2022.
The company insured AED 14 billion worth of trade and non-oil investments in total in 2023,
covering 3.1 per cent of the nation's non-oil exports.

As a member of the World Bank Group, MIGA guarantees investment against non-commercial
risks for nationals of its member states, who support and invest in developing countries and
emerging economies. It houses the World Bank Group Guarantees platform.

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About World Bank Group Guarantees
Initiated in 2024, World Bank Group Guarantees consolidates all guarantee products and experts
from across the World Bank Group institutions at MIGA. It provides a simplified and
comprehensive menu of guarantee solutions, enabling clients to select the instrument that best suits
their needs. The platform streamlines processes, removes redundancies, and provides greater
accessibility by de-risking investments in developing countries. Its goal is to boost the WBG’s
annual guarantee issuance to $20 billion by 2030.

For more information about the guarantee platform, please visit:
https://www.worldbank.org/wbgguarantees

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