Page 12 - ECI PR REPORT - MAY 2025

Press release

During a recent media brie�ing organised by the company

Etihad Credit Insurance achieves AED 16.2 billion in insured turnover with
a 15.7% growth in more than 100 countries across 17 strategic sectors

H.E. Abdulla Bin Touq Al Marri:
• Under the directives of its wise leadership, the UAE has adopted innovative
strategies to enhance economic diversi�ication, and Etihad Credit Insurance
(ECI) plays a vital role in supporting this
• Etihad Credit Insurance's results re�lect the success of our efforts to enhance
the global competitiveness of local companies and consolidate the UAE's
economic position regionally and globally
• We are keen to expand the scope of the company's credit guarantees to
include a number of major deals in the infrastructure and energy sectors in
African markets
• The company's gross exposure increased to AED 11 billion, exceeding its
2023 levels by 14.58%

UAE, May 27, 2025: Etihad Credit Insurance (ECI), the UAE federal export credit company, has
revealed a remarkable year of growth and strategic achievement in its 2024 Annual Report, with
insured turnover reaching AED 16.2 billion - re�lecting a 15.7% year-on-year increase and
accounting for 2.85% of the UAE’s total non-oil exports. This was announced during a media
brie�ing led by H.E. Raja Al Mazrouei, Chief Executive Of�icer of ECI, and other senior of�icials
from the company.

These �igures underscore ECI’s deepened contribution to supporting and safeguarding UAE-based
exporters and investors through strategic credit solutions in over 100 countries and 17 strategic
sectors. In 2024, the UAE’s non-oil foreign trade surged to AED 3 trillion, marking a 14.6 percent
increase over the previous year. ECI’s contribution plays a vital role in advancing the nation’s goal
of achieving AED 800 billion in the country’s non-oil exports by the next decade, in line with ‘We
the UAE 2031’ economic goals. Since its inception, the company has facilitated over AED 21 billion
in cumulative export trade and investment, resulting in booked Gross Written Premium (GWP) of
AED 447 million, re�lecting strong portfolio growth and a high retention rate.

H.E. Abdulla Bin Touq Al Marri, Minister of Economy and Chairman of ECI Board of
Directors, said: “Guided by the unwavering support and directives of our wise leadership, the
UAE has made remarkable strides in building a resilient, innovative, and knowledge-based
economy. At the heart of this transformation is economic diversi�ication, with non-oil industries,
exports, re-exports, and non-oil foreign trade playing a central role in shaping our future aligned
with the ‘We the UAE 2031’ vision. Today, non-oil sectors contribute 74.6% to the UAE’s GDP—
underscoring their growing role in shaping the country’s economic future. Etihad Credit
Insurance has signi�icantly contributed to advancing this vision by fostering the expansion of UAE-
based companies, enabling broader market access, and reinforcing key economic partnerships
through targeted collaborations and tailored credit insurance solutions. By helping UAE
businesses compete more effectively on the global stage, ECI plays a vital role in accelerating non-
oil export growth and strengthening the country’s standing as a leading, diversi�ied economic
powerhouse.”

H.E. Bin Touq further noted that ECI has extended credit guarantees to cover several major
infrastructure and energy deals in African markets, including Angola and Senegal, in line with the