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5/31/24, 2:36 PM Etihad Credit Insurance’s ‘Xport Xponential’ initiative to boost UAE exports
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 likely to join the initiative’s partner list in the next phase.

Partnership criteria
Etihad Credit Insurance targets UAE-based companies with audited financial

statements for at least three years and an annual turnover ranging from AED10
million to AED250 million in the previous fiscal year. Eligible businesses must have
recently ventured into export activities from the UAE or have plans to do so.
Boosting growth of exports

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 AED800 billion in non-oil UAE exports by the next

decade, thereby enhancing the growth and sustainability of the UAE economy.”
“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 solutions,

offering manufacturers and exporters in the UAE consulting and strategic insights to
strengthen their export capacities,” he added.
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 CEPA.”

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