Page 62 - 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

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.”

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

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