Page 39 - 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…
Business News
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

May 27, 2025 14

H.E. Abdulla Bin Touq Al Marri:

Advertise here.

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, 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

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