Page 29 - ECI PR REPORT - NOVEMBER 2024

non-payment risks arising from commercial and political factors. As part of their
collaborative efforts, both parties will also participate in local and international
conferences, events, and activities.

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.

https://mid-east.info/eci-and-free-zones-authority-of-ajman-sign-mou-to-offer-insurance-
solutions-and-financing-opportunities-to-uae-exporters/