Page 223 - MOE ENGLISH PR - MAY 2024

5/31/24, 2:37 PM PRESSR: Etihad Credit Insurance launches ‘Xport Xponential’ initiative to boost national exports in foreign markets — TradingVie…
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 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

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