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6/3/24, 9:36 AM dayofdubai | Etihad Credit Insurance Launches 'Xport Xponential' to Boost UAE Exports
growth of UAE exports and strengthening their competitiveness in international markets.

This initiative introduces an innovative trade and insurance platform, creating new

opportunities for UAE-based exporters. It aims to support the targets of the 'We the UAE

2031' vision by reaching AED 800 billion in non-oil UAE exports by the next decade,

thereby enhancing the growth and sustainability of the UAE economy,” he said.

Bin Touq added, “Thanks to our wise leadership, the UAE continues its efforts to build a

more diverse, sustainable, and resilient economic system. This initiative complements

national endeavors, particularly focusing on enhancing the role of non-oil industries,

exports, re-exports, and non-oil foreign trade in the country's GDP. These sectors are vital

for the transition towards the new economic model based on diversity and innovation.”

The 'Xport Xponential' initiative provides UAE-based businesses engaged in exporting or

re-exporting non-oil products, particularly small and medium-sized enterprises (SMEs),

with comprehensive credit facilities, innovative financial solutions, and access to a

database of over 300 million companies worldwide. The initiative also aims to improve the

access of non-oil UAE products to global markets, offering manufacturers and exporters

consulting and strategic insights to enhance their export capacities.

Raja Al Mazrouei, CEO of Etihad Credit Insurance, remarked, “The initiative underscores

our dedication to strengthening exporters within the UAE. It signifies the importance we

place on fostering cooperation and strategic partnerships to boost the export sector in the

country. This step will enhance the export capacities of UAE-based enterprises and

advance the visibility of non-oil UAE products in targeted markets. This will be achieved

through the implementation of a comprehensive financing framework and the utilization of

our extensive strategic partnership network across the globe. Additionally, the initiative

aims to enhance trade exchange routes between the UAE and its partners, building on the

trust and cooperation established by the Comprehensive Economic Partnership Agreements
(CEPA).”

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