Page 62 - ECI PR REPORT - MAY 2025

5/28/25, 9:24 AM Etihad Credit Insurance achieves AED16.2 billion in insured turnover with 15.7% growth

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DUBAI, 27th May, 2025 (WAM) -- 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.

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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.

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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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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.
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