Page 70 - ETIHAD CREDIT INSURANCE PR REPORT - MAY 2024

6/4/24, 4:37 PM PRESSR: Etihad Credit Insurance launches ‘Xport Xponential’ initiative to boost national exports in foreign markets — TradingView …
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

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