Page 77 - 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
protecting the interests of UAE exporters is evident in the numbers, with a 25 per cent

increase in policies issued compared to 2022."

Al Mazrouei added: "This new strategic phase aims to double the growth rate of UAE
exports through ECI and increase our contribution to the non-oil GDP by 7-fold by

2031."

ECI's global outreach efforts supported UAE exporters across 17 sectors in 110

countries, amounting to non-oil trade and investment of Dh14 billion in 2023. This was

made possible by approximately 21 agreements signed with government export credit

agencies worldwide.

Additionally, ECI's commitment to supporting clients beyond credit insurance was

demonstrated by the company's effective handling of overdue payments, leading to the

collection of Dh82 million.

It showcases ECI's significant contributions to facilitating access to financing for UAE

exporters, with over Dh1.8 billion worth of credit coverage provided to financial

institutions over the past five years.

Non-oil exports

Furthermore, the report stated that ECI has given a credit cover of Dh4.7 billion to

UAE's industrial sector, a key contributor to non-oil exports, with Dh1.4 billion

committed in 2023 alone, enabling manufacturers' exports achievement and in line with

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