Page 76 - ETIHAD CREDIT INSURANCE PR REPORT - MAY 2024

6/4/24, 4:01 PM Etihad Credit Insurance achieves gross exposure of Dh9.6 billion in 5 years | Banking – Gulf News
Abdulla Bin Touq Al Marri, Minister of Economy and Chairman of ECI Board of

Directors said: "With an emphasis on emerging industries and SMEs, we will continue

to broaden and diversify our economy according to the 'We the UAE 2031' vision, which
aims to increase the country's non-oil exports to Dh800 billion and raise the volume of

non-oil foreign trade to Dh4 trillion by the next decade."

Bin Touq added: "ECI's support has been financial as well as strategic, contributing to

the 2030 Agenda for Sustainable Development through support for non-oil trade while

also ensuring compliance with international standards."

ECI facilitated the expansion of the UAE's non-oil exports, which covered 3.1 per cent of

Dh441 billion in 2023, compared to 1.9 per cent in the previous year.

This growth was supported by a diverse portfolio. Over two-thirds of beneficiaries were

small and medium-sized enterprises (SMEs), while large corporations represented

another 20.9 per cent.

New strategic phase

Raja Al Mazrouei, CEO of ECI, said: "We are committed to providing innovative credit

solutions, facilitating easy access to finance, offering expert market insights, and

nurturing strategic collaborations in line with our vision and mission to foster
sustainable and secure non-oil trade for the UAE's economy. Our dedication to

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