Page 95 - ETIHAD CREDIT INSURANCE PR REPORT - SEPTEMBER 2024

9/17/24, 10:30 AM Etihad Credit Insurance Fuels Abu Dhabi's Economy With AED 1.4 Billion Coverage - OneArabia

Omar Al Suwaidi, Undersecretary of the Ministry of Industry and Advanced Technology and ECI Board member, highlighted

the UAE’s commitment to a diverse economic model under visionary leadership. He noted that strategic initiatives aimed at
bolstering non-oil sectors are crucial for driving industrial growth.

Al Suwaidi emphasised that initiatives like 'Make it in the Emirates' play a vital role in promoting local products and

embracing digital transformation. These efforts align with the Ministry's strategy to empower Emirati industries and
enhance their competitiveness globally.

In addition to these initiatives, Abu Dhabi has implemented strategic measures to boost investment inflows and deliver

world-class infrastructure. This has established supportive regulatory frameworks facilitating company expansion and

export growth.

Public-Private Partnerships

Raja Al Mazrouei, CEO of ECI, underscored the importance of public-private partnerships in driving foreign trade growth
from Abu Dhabi. She stated that ECI aims to achieve a seven-fold increase in non-oil GDP contribution by 2031 through

expanding credit coverage facilities across various sectors.

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