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emphasis on emerging industries and SMEs, we will continue to broaden and diversify

our economy according to the ‘We the UAE 2031’ vision,” said Al Marri.

The minister, also chairman of Etihad Credit Insurance Board of Directors, said ECI 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 will help diversify the UAE’s economic landscape and
propel its non-oil exports forward.”

ECI, the federal export credit company of the UAE, recorded a gross exposure of Dh9.6

billion by the end of 2023, a 21-fold jump compared to 2019, according to Raja Al
Mazrouei, chief executive officer of ECI.

The minister noted 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,” Al Marri said.

In its annual report, ECI highlighted its role in fostering the expansion of the UAE’s non-
oil exports, covering 3.1 per cent out of Dh 441 billion in 2023, compared to 1.9 per cent
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 per cent. This underscores ECI’s
significant contribution to the UAE’s progress towards its 2031 foreign trade targets.

Al Mazrouei said ECI is committed to providing innovative credit solutions, facilitating

easy access to finance, offering expert market insights, and nurturing strategic
collaborations in line with its vision and mission to foster sustainable and secure non-oil
trade for the UAE’s economy.

https://www.khaleejtimes.com/business/uae-seeks-to-boost-non-oil-exports-to-dh800b-by-2031-
al-marri