Page 208 - 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
solutions, offering manufacturers and exporters in the UAE consulting and strategic
insights to strengthen their export capacities.”

The ‘Xport Xponential’ initiative supports UAE-based businesses engaged in the export or

re-export of non-oil products, with a special focus on small and medium-sized enterprises
(SMEs). Through this initiative, Etihad Credit Insurance aims to provide beneficiaries with

access to innovative financial solutions through partnerships with the financial and

banking sectors. Additionally, the initiative offers access to a vast database of over 300
million companies worldwide and provides significant facilities to enter the markets of

countries that are part of the Comprehensive Economic Partnership Agreements (CEPA).

Raja Al Mazrouei, CEO of Etihad Credit Insurance, said: “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).”

Qualitative Partnerships with Strategic Dimensions

The ‘Xport Xponential’ initiative’s partner network spans various federal and local entities,

including the Department of Economy and Tourism in Dubai; Ajman Economic

Development Department; Fujairah Department of Industry and Economy; Khalifa Fund
for Enterprise Development and Ras Al Khaimah Economic Zones (RAKEZ). Additionally,

the financial and banking partners of the initiative include the Emirates Development Bank
(EDB), Abu Dhabi Commercial Bank (ADCB), Dubai Commercial Bank (CBD), Ajman

Bank, Ras Al Khaimah Bank, and Fujairah National Bank (NBF). More institutions and
companies from both government and private sectors are expected to join the initiative's

partner list in the next phase.

Partnership Criteria

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