Page 125 - ECI PR REPORT JANUARY 2025

1/16/25, 9:12 AM Latest News
established to join the initiative and will avail all benefits it offers. The initiative aims to achieve a significant
growth in export activities for the finalist companies, commencing this year.

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.

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 Dhabi Commercial Bank (ADCB), First Abu Dhabi Bank, Dubai Commercial Bank, Ajman
Bank, the National Bank of Ras Al Khaimah, the National Bank of Fujairah (NBF), International Development

Bank (IDB), Wio Bank PJSC, and Al Maryah Community Bank.

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