Page 119 - ETIHAD CREDIT INSURANCE PR REPORT - MAY 2024
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6/4/24, 4:42 PM DP World, Maalexi to boost food security in the region
This collaboration follows DP World’s recent groundbreaking of its new $150m Agri
Terminals facility at Jebel Ali Port, further demonstrating the company’s commitment to
food security in a region that imports as much as 85 per cent of its food supplies.
Read: Dubai breaks ground on mega $150m Agri Terminals facility
The UAE imports approximately $24bn worth of food and agricultural products annually,
nearly half of the GCC’s total.
Jebel Ali plays a crucial role in this equation, handling almost three-quarters of the UAE’s
food and beverage trade by value.
The partnership is also the latest initiative by Maalexi in the UAE, following a strategic
credit insurance agreement with Etihad Credit Insurance (ECI), the UAE’s Federal export
credit company, in April to mitigate credit risks faced by SME buyers and importers.
https://gulfbusiness.com/dp-world-maalexi-partner-to-boost-food-security/ 4/4
