Page 77 - ETIHAD CREDIT INSURANCE PR REPORT - OCTOBER 2024

10/31/24, 11:49 AM ECI, MIGA sign agreement to boost cooperation in FDI activities
joint efforts to boost FDIs through co-insurance and reinsurance. This agreement has the potential to
improve quality of solutions presented to partners and clients of both parties.

The prospect of this bilateral cooperation includes co-insurance and reinsurance solutions for
projects, investment agreements, equity insurance, loans, shareholders' and non-shareholders'
assurances and various other forms of investment.

Raja Al Mazrouei, CEO of Etihad Credit Insurance, reiterated the company's commitment to
strengthen its strategic ties, develop cooperations and exchange experiences with key international

institutions and agencies in the fields of insurance, credit and guarantees. This comes in line with the
company's belief in the significance of efforts in boosting the resilience and sustainability of the
national economy and consolidating the UAE's reputation in the export, investment and foreign

trade sectors, in line with the national goals of vision 'We the UAE 2031.'

Furthermore, Al Mazrouei emphasised that the ECI's partnership with MIGA signifies both parties'
common interest in fostering bilateral cooperation to support FDIs and the expansion of insurance
and reinsurance activities. It fosters new opportunities for investment projects and activities and
helps in the promotion of trade flows, investment and export and re-export activities in both the
regional and global markets.

Al Mazrouei said, "This collaboration agreement with MIGA marks a significant stride in the

company's growth trajectory, providing new opportunities for initiating joint investment projects
based on the expertise and potential of both parties. With this mutual cooperation, we aim to provide
a broader spectrum of clients with cutting-edge insurance and investment solutions, enabling them
to move ahead confidently with the development and expansion of their projects and activities and

to fortify their market position. Furthermore, the agreement stands out considering the UAE's strong
reputation as an ideal hub for global investment, with the country being ranked second globally for
FDI inflows in 2023."

Hiroshi Matano, Executive Vice President of MIGA, stated, "The agreement with ECI showcases
our commitment to expand partnerships to offer a wide range of services to attract foreign direct

investment in emerging markets and developing countries. We hope to co-create innovative financial
solutions to address private sector needs in our member countries."

https://www.arabherald.com/news/274715527/eci-miga-sign-agreement-to-boost-cooperation-in-fdi-activities 2/2