Page 207 - MOE ENGLISH PR - MAY 2024

5/31/24, 2:36 PM Etihad Credit Insurance launches ‘Xport Xponential’ initiative to boost national exports in foreign markets
Abu Dhabi : Etihad Credit Insurance (ECI), the UAE Federal export credit company,
launched its pioneering ‘Xport Xponential’ initiative, a strategic effort designed to support

the exports of UAE-based companies and contribute to the sustainability and resilience of

the national economy as well as diversify its resources. This major announcement was
made during the 3rd edition of ‘Make it in the Emirates Forum 2024.’

His Excellency Abdulla Bin Touq Al Marri, Minister of Economy and Chairman of the Board

of Directors of Etihad Credit Insurance, said: “The launch of the ‘Xport Xponential’ initiative
is a significant step towards boosting the 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 to increase their

exports. 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.”

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.”

Bin Touq asserted: “Through this initiative, we aim to motivate the country's exporters to

explore growth opportunities in vital sectors and improve the access of non-oil UAE
products to global markets. This initiative extends beyond credit and risk management

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