Page 190 - ETIHAD CREDIT INSURANCE PR REPORT - MAY 2024 (International)

6/4/24, 4:36 PM Etihad Credit Insurance records 21-fold growth in gross exposure - WDLZFM
and investment. Emphasising emerging industries and SMEs, we are

diversifying our economy according to the 'We the UAE 2031' vision. ECI's

financial and strategic support contributes to the 2030 Agenda for Sustainable

Development."

H.E. Raja Al Mazrouei, Chief Executive Officer of ECI, said: "We provide

innovative credit solutions, easy financial access, expert market insights, and

nurture strategic collaborations. Our dedication to UAE exporters is reflected

by the 25 per cent increase in policies issued. Our primary aim is to expand

ECI's services to strengthen national exports."

ECI's supported UAE exporters across 17 sectors in 110 countries, amounting

to a non-oil trade and investment of AED 14 billion in 2023. This was

facilitated by 21 agreements with government export credit agencies.

ECI's commitment to supporting clients beyond credit insurance is

demonstrated by the company's handling of overdue payments, resulting in

collection of AED 82 million. It showcases ECI's contributions to facilitating

financial access for UAE exporters, with over AED 1.8 billion worth of credit

cover provided.

ECI has given a credit cover of AED 4.7 billion to UAE's industrial sector with

AED 1.4 billion in 2023, in line with the partnership with Ministry of Industry

and Advanced Technology (MoIAT).

It further highlighted ECI's commitment of USD 500 million to boost Africa's

clean energy transition as part of the UAE's USD 4.5 billion Africa Green

Investment initiative. The company supported clients with management of late

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