Page 19 - ETIHAD CREDIT INSURANCE PR REPORT - MAY 2024

Press Release

Etihad Credit Insurance launches ‘Xport Xponential’ initiative to

boost national exports in foreign markets

• Bin Touq: Xport Xponential marks a significant step towards boosting the growth of
UAE exports, supporting their competitiveness, and creating new opportunities for

exporters in key sectors within the country in line with the “We the UAE 2031” vision.

• Xport Xponential offers beneficiaries comprehensive credit facilities, innovative
financial solutions, and access to a database with over 300 million companies

worldwide.

Abu Dhabi – May 29, 2024: Etihad Credit Insurance (ECI), the UAE Federal export credit

company, launched its pioneering ‘Xport Xponential’ initiative, a strategic effort designed to
support the exports of UAE-based companies and contribute to the sustainability and resilience

of the national economy as well as diversify its resources. This major announcement was made
rd
during the 3 edition of ‘Make it in the Emirates Forum 2024.’

His Excellency Abdulla Bin Touq Al Marri, Minister of Economy and Chairman of the
Board of Directors of Etihad Credit Insurance, said: “The launch of the ‘Xport Xponential’

initiative is a significant step towards boosting the growth of UAE exports and strengthening

their competitiveness in international markets. This initiative introduces an innovative trade
and insurance platform, creating new opportunities for UAE-based exporters to increase their

exports. It aims to support the targets of the 'We the UAE 2031' vision by reaching AED 800
billion in non-oil UAE exports by the next decade, thereby enhancing the growth and

sustainability of the UAE economy.”

Bin Touq added: “Thanks to our wise leadership, the UAE continues its efforts to build a more

diverse, sustainable, and resilient economic system. This initiative complements national
endeavors, particularly focusing on enhancing the role of non-oil industries, exports, re-

exports, and non-oil foreign trade in the country's GDP. These sectors are vital for the transition
towards the new economic model based on diversity and innovation.”