Page 59 - ETIHAD CREDIT INSURANCE PR REPORT - MAY 2024

6/4/24, 4:39 PM Etihad Credit Insurance launches ‘Xport Xponential’ initiative to boost national exports in foreign markets - Middle East News 247

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.”

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

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