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5/28/25, 9:23 AM Etihad Credit Insurance Achieves AED16.2 Billion In Insured Turnover With 15.7% Growth - UrduPoint
Etihad Credit Insurance Achieves AED16.2 Billion In

Insured Turnover With 15.7% Growth

Muhammad Irfan Published May 27, 2025 | 07:00 PM

DUBAI, (UrduPoint / Pakistan Point News / WAM - 27th 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 AED16.2 billion - reflecting a 15.7 percent year-on-year increase
and accounting for 2.85 percent of the UAE’s total non-oil exports.

This was announced during a media briefing led by 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 AED800 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 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.”

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