Page 217 - KHALIFA FUND PR REPORT JUNE 2025

6/30/25, 9:10 AM Etihad Credit Insurance announces AED 174 million funding raised for SME growth in partnership with four leading banks - Middle …
The ‘Xport Xponential’ programme was launched to fulfil the dual objectives of catalysing SMEs’ global expansion and driving SME
financing with the help of partner banks. It was introduced during the third edition of ‘Make It in the Emirates’ (MIITE), held in May
2024, with the aim of accelerating the global expansion of UAE-based SMEs by offering financial support and ensuring their export
readiness through innovative trade finance and credit insurance solutions.
As many as 42 companies applied for the programme, out of which 10 were shortlisted based on rigorous evaluation criteria.
These companies have collectively generated AED 2.1 billion in turnover to date and are now targeting expansion into four key
markets—Indonesia, India, Saudi Arabia, and Oman—with a combined export potential of AED 31.3 billion over the next four years
across ten vital sectors. Implemented in collaboration with 19 strategic partners, the programme exemplifies ECI’s role in driving
sustainable economic growth by connecting businesses with international opportunities and tailored trade finance solutions.

Since the programme’s inception, ECI’s partnerships with government entities and banks have increased by 27 per cent, reflecting
its role in nurturing a robust export-enablement ecosystem that connects the public and private sectors under a unified vision.
Partnerships with leading financial institutions have helped facilitate consistent, reliable support and access to growth-oriented
funding for UAE SMEs. ECI also hosted a workshop in January 2025 to offer the selected companies’ essential tools and
resources, further supporting their export growth journey. In addition, these companies belong to diverse economic sectors,
showcasing the program’s wide-reaching impact across key industries.

Xport Xponential’s vast partner list features 19 key strategic partners, including both federal and local entities, which are: the Abu
Dhabi Department of Economic Development, Khalifa Fund for Enterprise Development, Dubai Department of Economy and
Tourism, Dubai Airport Free Zone, Sharjah Chamber of Commerce and Industry, Ajman Department of Economic Development,
Ras Al Khaimah Economic Zones, as well as Fujairah Department of Industry and Economy. Its financial and banking partners
include Emirates Development Bank, Abu Dhabi Commercial Bank, First Abu Dhabi Bank, Commercial Bank of Dubai, Ajman
Bank, RAKBANK, National Bank of Fujairah, International Development Bank, Wio Bank, Al Maryah Community Bank and Reem
Finance. It is also worth noting that since its inception, ECI has insured AED 21 billion in support of local exports and completed
underwriting for premiums totalling AED 447 million.

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