Page 118 - ECI PR REPORT JANUARY 2025
P. 118

1/16/25, 9:11 AM               Etihad Credit Insurance selects winning companies from ‘Xport Xponential’ initiative submissions
        Xport Xponential offers an array of facilities, support services, and enabling tools, which include innovative credit
        and financing solutions, strategic consulting, expert guidance, and risk management solutions, in collaboration
        with a network of government and private sector partners. The initiative also enables seamless access to a
        database of over 400 million global companies.


                                                         ADVERTISING





























        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.

      https://www.zawya.com/en/press-release/companies-news/etihad-credit-insurance-selects-winning-companies-from-xport-xponential-initiative-submissi…  2/3
   113   114   115   116   117   118   119   120   121   122   123