Page 88 - ETIHAD CREDIT INSURANCE PR REPORT - SEPTEMBER 2024

9/17/24, 10:28 AM Abu Dhabi: Etihad Credit Insurance achieves Dh1.4 billion in credit coverage over first eight months of 2024 - Aletihad News Center
the UAE to bolster the national economy's sustainability and diversification, in line with the leadership’s vision.

Al Mazrouei added, “At Etihad Credit Insurance, we are led by the ambitious vision to achieve a seven-fold increase in
our non-oil GDP contribution by 2031. We also aim to promote further expansion of our credit coverage facility which

currently caters to 17 different sectors, across 110 countries, having expanded 21 times over the last five years.
However, our primary focus will be on driving non-oil exports and foreign trade, while elevating the reach and
competitiveness of products manufactured by UAE-based companies. We hope to continue empowering local

companies by offering credit solutions, financing options, and risk management services, which will enable them to
expand into global markets.”

The growth of non-oil exports from Abu Dhabi signifies the Emirate’s growing stature as a leading incubator for
businesses, offering an environment conducive to the growth of diverse commercial ventures and business activities.

Moreover, Abu Dhabi’s eminence as an ideal destination for foreign investments in the industrial and production
sectors, reflects the Emirate’s pioneering position in the global trade landscape and its position as an international hub
for transforming talent and innovative ideas into successful enterprises. This remarkable development is a result of

strategic initiatives implemented by the Emirate to boost investment inflows, deliver world-class infrastructure, and
establish supportive regulatory frameworks to facilitate the expansion of companies and the growth of exports and
international trade. Strategic alliances between public and private sectors have also laid a robust foundation to ensure

sustained growth of non-oil foreign trade both within the Emirate and the broader national economy.

The ‘Xport Xponential’ strategic program, introduced by the ECI, aims to support UAE-based companies that
undertake export, by offering an array of cutting-edge financial and credit solutions. It also facilitates access to an
extensive network of partners, and local and international importers, along with an expansive database encompassing

over 300 million global enterprises.

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