Page 59 - ECI PR REPORT - MAY 2025

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

Insured Turnover With 15.7% Growth

13 hours ago

DUBAI, (Pakistan Point News - 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.”
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 targeted trade and investment insurance solutions to projects that advance clean
energy, food security, critical infrastructure, and water sustainability. These efforts reflect our growing role in shaping a trade and export
ecosystem that delivers long-term economic value while addressing urgent global challenges such as climate change and social equity,”
he elaborated.
The report stated that the company has witnessed a gross exposure of AED 11 billion - a 14.58 percent increase over 2023. This growth
was supported by a diverse portfolio, with over 60 percent of beneficiaries comprising small and medium-sized enterprises (SMEs).
The report highlighted that ECI secured AA- international rating by Fitch for the sixth consecutive year, reflecting on the company’s ability
to mitigate potential risks and reiterate its strong presence in global markets.
Raja Al Mazrouei said, “We are committed to supporting the UAE’s accelerated drive toward economic resilience and long-term
sustainability. By offering innovative credit solutions, streamlined access to financing, and forging high-impact strategic partnerships, we
empower UAE exporters, particularly SMEs, to unlock new opportunities and scale globally with confidence in an increasingly
competitive world. This is reflected in ECI’s strong performance in 2024, which not only underscores its pivotal role in enabling the national
export competitiveness but also its commitment to empowering businesses with the tools and confidence to expand into new

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