Page 158 - MOE ENGLISH PR REPORT - JANUARY 2025

2/3/25, 3:28 PM Etihad Credit Insurance Achieves Prestigious 'AA-' Fitch Rating
Term IDR, showcasing the country's resilience and strategic initiatives to foster sustainable

growth.

Abdullah bin Touq Al Marri, Minister of Economy and Chairman of ECI’s

Board, emphasized that the UAE's strong, diversified economy has successfully adapted
to global shifts under the guidance of its visionary leadership. Al Marri highlighted the

importance of proactive economic strategies that have boosted the UAE’s export

competitiveness and contributed to a 75% increase in the non-oil sector’s GDP share.

Al Marri praised ECI's Fitch rating, noting that it reinforces the UAE’s global reputation as

a trade hub. The rating also supports the ‘We the UAE 2031’ initiative, which targets a GDP

of AED 3 trillion and AED 800 billion in non-oil exports by 2031.

Raja Al Mazrouei, CEO of ECI, explained that the rating reflects the company’s robust

financial performance and strategic roadmap. This milestone will further enhance ECI’s
ability to support UAE exporters, expand global market reach, and boost national export

competitiveness.

ECI’s continued success is attributed to its strong capital base, government support, and

expertise in managing foreign trade risks, helping UAE companies thrive in international

markets.

News Source: Emirates News Agency

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