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5/28/25, 9:23 AM Etihad Credit Insurance Achieves AED 16.2 Billion in Insured Turnover with a 15.7% Growth in More than 100 Countries Across 17 …

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

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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.”

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