Page 29 - ECI PR REPORT - MAY 2025

5/28/25, 9:20 AM Home | Emirates News Agency
over AED 21 billion in cumulative export trade and investment, resulting in booked Gross Written Premium (GWP) of
AED447 million, reflecting strong portfolio growth and a high retention rate.

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 diversification, 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 significantly 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,
diversified economic powerhouse.”

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 UAE’s strategic efforts to foster sustainable global

partnerships and drive inclusive economic development. “In 2024, ECI provided targeted trade and investment insurance
solutions to projects that advance clean energy, food security, critical infrastructure, and water sustainability. These efforts
reflect our growing role in shaping a trade and export ecosystem that delivers long-term economic value while addressing

urgent global challenges such as climate change and social equity,” he elaborated.
The report stated that the company has witnessed a gross exposure of AED 11 billion - a 14.58 percent increase over 2023.

This growth was supported by a diverse portfolio, with over 60 percent of beneficiaries comprising small and medium-sized
enterprises (SMEs).
The report highlighted that ECI secured AA- international rating by Fitch for the sixth consecutive year, reflecting on the

company’s ability to mitigate potential risks and reiterate its strong presence in global markets.
Raja Al Mazrouei said, “We are committed to supporting the UAE’s accelerated drive toward economic resilience and long-

term sustainability. By offering innovative credit solutions, streamlined access to financing, and forging high-impact strategic
partnerships, we empower UAE exporters, particularly SMEs, to unlock new opportunities and scale globally with
confidence in an increasingly competitive world. This is reflected in ECI’s strong performance in 2024, which not only

underscores its pivotal role in enabling the national export competitiveness but also its commitment to empowering
businesses with the tools and confidence to expand into new global markets. A key milestone for us in 2024 was the launch

of Xport Xponential, a comprehensive program designed to support UAE-based companies. This new strategic initiative
aligns with our commitment to increasing ECI’s contribution to the non-oil GDP by 7-fold by 2031.”
Al Mazrouei also reaffirmed ECI’s dedication to clean and green energy initiatives in line with the UAE’s sustainability

commitments and United Nations Sustainable Development Goals (SDGs). “The Africa Green Investment Initiative (AGII)
led by the UAE and announced at the Africa Climate Summit, held in Nairobi in September 2023, is a multistakeholder
partnership that employs an innovative approach to climate finance, combining the resources, expertise, and local

knowledge of the following partners: Abu Dhabi Fund for Development; Masdar; AMEA Power; Africa 50; and Etihad Credit
Insurance. AGII aims to deploy $4.5 billion in African renewable energy capacity by the end of the decade.

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