Page 19 - ECI PR REPORT JANUARY 2025

Press release

Etihad Credit Insurance selects winning companies from

‘Xport Xponential’ initiative submissions

• 42 companies applied to join the initiative
• A training workshop will be organised to highlight crucial aspects and determine
mechanisms for selected applicants

15 January 2025: Etihad Credit Insurance (ECI), the UAE’s federal export credit company,
announced the names of winning companies that will be joining its recently launched Xport
Xponential initiative, which aims at supporting the UAE’s export sector and empowering UAE-
based companies to expand into global markets.

ECI stated that the finalists were carefully selected out of 42 companies that applied to join the
initiative within the deadline. These companies, hailing from diverse economic sectors,
successfully met the criteria 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