Page 45 - ECI PR REPORT - MAY 2025

5/28/25, 9:22 AM Etihad Credit Insurance Achieves AED 16.2 Billion In Insured Turnover With A 15.7% Growth In More Than 100 Countries Across 1…

Wednesday 28 May 2025 05:22 GMT ﻲﺑرﻋ
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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

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2025-05-27 11:30:24

(MENAFN- Mid-East Info) 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, 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
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