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11/27/24, 9:00 AM ECI and Free Zones Authority of Ajman sign MoU to offer insurance solutions and financing opportunities to UAE exporters

ECI and Free Zones Authority of Ajman sign

MoU to offer insurance solutions and financing

opportunities to UAE exporters

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11/26/2024 4:20:05 AM

(MENAFN- Orient Planet Group)
26 November 2024 - Etihad Credit Insurance (ECI), the UAE Federal export credit company,
signed a memorandum of understanding (MoU) with the Free Zones Authority of Ajman to

offer a broad spectrum of insurance solutions and financing opportunities to exporters in the
UAE.

Under the MoU, ECI and Free Zones Authority of Ajman will strengthen and enhance their

partnership in several insurance and risk management areas. This includes trade credit
insurance (conventional and Murabaha), insurance against export credit risks and short-term,

medium-term, or long-term credit risks, along with insurance against individual buyer risks.
Additionally, ECI and Free Zones Authority of Ajman will jointly organise workshops to

promote awareness of these solutions and their benefits, which include protecting businesses
from 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

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