Page 127 - ECI PR REPORT JANUARY 2025

1/16/25, 9:12 AM Etihad Credit Insurance selects winning companies from ‘Xport Xponential’ initiative submissions - Middle East News 247

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

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