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5/31/24, 2:36 PM Etihad Credit Insurance launches ‘Xport Xponential’ initiative to boost national exports in foreign markets - Middle East Business N…
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 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,

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