Page 546 - MOE ENGLISH PR - MAY 2024

5/27/24, 5:04 PM UAE Seeks To Boost Non-Oil Exports To Dh800b By 2031: Al Marri
The report stated that ECI's global outreach efforts supportedUAE 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.

ECI has given a credit cover of Dh 4.7 billion to UAE's industrial sector, a key contributor to
non-oil exports, with Dh1.4 billion committed in 2023 alone, enabling manufacturers' exports

achievement and in line with the company's partnership with the Ministry of Industry and
Advanced Technology (MoIAT).

ECI's projects seek to support economic development and improve the quality of living,

including a credit insurance commitment of $500 million to boost Africa's clean energy
transition as part of the UAE's $4.5 billion Africa Green Investment initiative. The company

supported clients with management of late payments worth Dh415 million, of which Dh 353
million or 83 per cent were successfully recovered, the annual report added.

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