Page 37 - ECI PR REPORT - MAY 2025

5/28/25, 9:21 AM Etihad Credit Insurance achieves AED 16.2 billion in insured turnover with a 15.7% growth in more than 100 countries across 17 str…
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

During a recent media briefing 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 diversification, and Etihad Credit
Insurance (ECI) plays a vital role in supporting this
Etihad Credit Insurance’s results reflect 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 – reflecting 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 briefing led by H.E. Raja Al Mazrouei, Chief Executive Officer of ECI, and other senior officials
from the company.

These figures 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, reflecting 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 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.”

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 UAE’s strategic efforts to foster sustainable global partnerships and drive inclusive economic development. “In 2024, ECI provided
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