Page 519 - MOE ENGLISH PR - MAY 2024

5/27/24, 4:23 PM UAE: Etihad Credit Insurance Records 21-Fold Growth In Gross Exposure In 5 Years

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“Etihad Credit Insurance has significantly contributed to advancing this national vision by
fostering the expansion of domestic trade and enterprises and facilitating crucial economic
relations through comprehensive economic partnership agreements (CEPAs). The company's

innovative credit solutions and strategic collaborations have enhanced the competitiveness of
UAE businesses worldwide. This not only diversifies the UAE's economic landscape but also

propels its non-oil exports forward,” he said.

Raja Al Mazrouei, Chief Executive Officer of ECI, said:“We are committed to providing
innovative credit solutions, facilitating easy access to finance, offering expert market insights,

and nurturing strategic collaborations in line with our vision and mission to foster sustainable
and secure non-oil trade for the UAE's economy. We empower UAE businesses to confidently
participate in global trade, driving towards a robust and well-diversified economy.

"Leveraging our innovative approach and meticulously crafted 2023 business plans, ECI has

emerged as a beacon of stability for UAE enterprises. We have seen a significant increase in
the demand for our services, with a remarkable surge in insured trade and investment

transactions. Our dedication to protecting the interests of UAE exporters is evident in the
numbers, with a 25 per cent increase in policies issued compared to 2022.”

The annual report stated that ECI's global outreach efforts resulted in the support of UAE

exporters across 17 sectors in 110 countries, amounting to a non-oil trade and investment of
Dh14 billion in 2023. This success was facilitated by approximately 21 agreements signed
with government export credit agencies worldwide, solidifying ECI's position as a trusted

partner for international trade.

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