Page 25 - ECI PR REPORT - NOVEMBER 2024

H.E. Raja Al Mazrouei, CEO of Etihad Credit Insurance, said: “We are pleased to sign the
MoU with Free Zones Authority of Ajman as it showcases our dedication to enhancing trade
and investment opportunities in the UAE and the region. This collaboration will enable us to

provide consistent support to exporters in the UAE through innovative solutions in trade credit
insurance, export finance, and risk management. By doing so, we aim to contribute to the
competitiveness of non-oil exports in global markets. Furthermore, this agreement also

reinforces our commitment to building robust relationships with government partners and
solidifying the UAE’s position as a global hub for investment and trade.”
H.E. Ismail Al Naqi, Director-General of Free Zones Authority of Ajman, said: “This strategic

partnership with ECI marks a significant move towards bolstering the international
competitiveness of Ajman-based companies. The Authority seeks to empower these
businesses by helping them protect their interests and minimise potential financial risks at

different levels, fostering their stability and sustainable development through inclusive
coverage solutions against credit risks. The MoU demonstrates our mutual dedication to
driving growth in the commercial sector and elevating Ajman’s stature as a prominent hub for

trade and investment. We eagerly look forward to the fruitful outcomes of this collaboration,
which will bring added value to our business community.”
Since its inception in 1988, the Free Zones Authority of Ajman has been instrumental in

enhancing economic activities for businesses. Through its state-of-the-art establishments and
extensive portfolio of services, features, and facilities, the Authority lays a solid foundation for
the success and expansion of several enterprises.

The MoU between ECI and Free Zones Authority of Ajman represents a remarkable milestone
in ECI’s relentless efforts to fortify its strategic alliances. ECI aims to strengthen its presence

in the export credit sector, in keeping with its goal of broadening its network of public and
private sector partners. Additionally, it seeks to improve its crucial role in facilitating the
export, re-export, and foreign trade operations for UAE-based companies.
Last Updated on 20 hours by News Desk 1

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