Page 20 - ETIHAD CREDIT INSURANCE PR REPORT - MAY 2024
P. 20
Press Release
Bin Touq asserted: “Through this initiative, we aim to motivate the country's exporters to
explore growth opportunities in vital sectors and improve the access of non-oil UAE products
to global markets. This initiative extends beyond credit and risk management solutions,
offering manufacturers and exporters in the UAE consulting and strategic insights to strengthen
their export capacities.”
The ‘Xport Xponential’ initiative supports UAE-based businesses engaged in the export or re-
export of non-oil products, with a special focus on small and medium-sized enterprises (SMEs).
Through this initiative, Etihad Credit Insurance aims to provide beneficiaries with access to
innovative financial solutions through partnerships with the financial and banking sectors.
Additionally, the initiative offers access to a vast database of over 300 million companies
worldwide and provides significant facilities to enter the markets of countries that are part of
the Comprehensive Economic Partnership Agreements (CEPA).
Raja Al Mazrouei, CEO of Etihad Credit Insurance, said: “The initiative underscores our
dedication to strengthening exporters within the UAE. It signifies the importance we place on
fostering cooperation and strategic partnerships to boost the export sector in the country. This
step will enhance the export capacities of UAE-based enterprises and advance the visibility of
non-oil UAE products in targeted markets. This will be achieved through the implementation
of a comprehensive financing framework and the utilization of our extensive strategic
partnership network across the globe. Additionally, the initiative aims to enhance trade
exchange routes between the UAE and its partners, building on the trust and cooperation
established by the Comprehensive Economic Partnership Agreements (CEPA).”
Qualitative Partnerships with Strategic Dimensions
The ‘Xport Xponential’ initiative’s partner network spans various federal and local entities,
including the Department of Economy and Tourism in Dubai; Ajman Economic Development
Department; Fujairah Department of Industry and Economy; Khalifa Fund for Enterprise
Development and Ras Al Khaimah Economic Zones (RAKEZ). Additionally, the financial and
banking partners of the initiative include the Emirates Development Bank (EDB), Abu Dhabi
