Page 65 - ETIHAD CREDIT INSURANCE PR REPORT - MAY 2024

6/4/24, 4:39 PM Latest News
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

https://www.arabbnews.com/english/Latest-News.asp?id=17446 2/3