Page 267 - ETIHAD CREDIT INSURANCE PR REPORT - MAY 2024 (International)

6/4/24, 4:42 PM Small Business - Middlesboro News | Middlesboro News
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 payments worth AED 415 million, with

recovery of AED 353 million or 83 per cent.

ECI-backed trade finance lending crossed AED 1 billion in the first year of a partnership with
DP World Trade Finance. It aims to broaden SME access to trade finance by mitigating the
potential risks. ECI's plans to leverage the UAE's Comprehensive Economic Partnership

Agreements (CEPAs) to enhance trade and strengthen commercial relations.

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