Page 115 - ECI PR REPORT JANUARY 2025

1/17/25, 8:08 AM Etihad Credit Insurance selects winning companies from ‘Xport Xponential’ initiative submissions - Middle East Business News and …
This expansive network includes a wide variety of credit agencies, exporters and importers in
key global markets, particularly from those countries that have signed Comprehensive

Economic Partnership Agreements (CEPAs). At the end of last year, the total value of export
and re-export activities with these countries amounted to approximately AED 390.5

billion, which facilitated significant trade and export advantages for achieving the country’s
economic objectives and positioning it as a major trade and logistics hub. This includes

enhanced access to global markets, reduced or eliminated tariffs, streamlined customs
procedures, promotion of fair trade, as well as the establishment of clear and transparent

regulations.

H.E. Raja Al Mazrouei, CEO of ECI, said: “We are eager to collaborate closely with and support

the companies selected to join our Xport Xponential initiative. Our goal is to empower
businesses within the UAE’s export and re-export sectors, enhancing our role in the growth of

exports and foreign trade in the UAE.

“This initiative underscores our commitment to offering credit, financial, and advisory support
tools that can significantly increase non-oil product exports from the UAE. Through this

initiative, we aim to expand our partnerships, reinforcing collaboration with key stakeholders
and promoting the diversification and sustainability of our national economy, in alignment with
the ambitious vision of our esteemed leadership,” Her Excellency added.

Furthermore, ECI will organise a one-day workshop, with the participation of representatives

from the finalist companies. The workshop aims to provide guidance, instructions and training
on the initiative. It will focus on a range of topics, primarily centred on preparing participating

companies for the next steps.

ECI is set to arrange roadshows in several countries, aiming to introduce the initiative in
nations that have signed Comprehensive Economic Partnership Agreements (CEPAs), in
collaboration with the Ministry of Foreign Affairs (MOFA) and Ministry of Economy (MoE),

among other relevant entities.

Till date, partners in this initiative include various federal and local entities, including Abu
Dhabi Department of Economic Development, Khalifa Fund for Enterprise Development,

Department of Economy and Tourism in Dubai, Dubai Airport Freezone, Sharjah Chamber of
Commerce and Industry, Ajman Department of Economic Development, Ras Al Khaimah

Economic Zone (RAKEZ), and Department of Industry and Economy – Fujairah. It further
includes financial and banking institutions, such as Emirates Development Bank (EDB), Abu

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