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5/27/24, 4:19 PM        ECI records 21-fold growth in gross exposure by end-2023 to reach AED9.6 billion in 5 years | Emirates News Agency
                     not only diversifies the UAE’s economic landscape, but


                     also propels its non-oil exports forward.”


                     He stated that ECI’s recent commitments to clean and


                     green energy initiatives further signify its role as a


                     driving force towards sustainability. “ECI's support has


                     been financial as well as strategic, contributing to the



                     2030 Agenda for Sustainable Development through


                     support for non-oil trade, while also ensuring


                     compliance with international standards,” Bin Touq


                     added.


                     The report highlighted ECI’s notable role in fostering the


                     expansion of the UAE’s non-oil exports, covering 3.1


                     percent out of AED441 billion in 2023, compared to 1.9


                     percent in the previous year. This growth was supported


                     by a diverse portfolio, with over two-thirds of


                     beneficiaries comprising small and medium-sized



                     enterprises (SMEs), while large corporations


                     represented another 20.9 percent. This underscores


                     ECI’s significant contribution to the UAE’s progress


                     towards its 2031 foreign trade targets.


                     Raja Al Mazrouei, Chief Executive Officer of ECI, said,


                     “We are committed to providing innovative credit




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