Page 96 - 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

"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," said Al Mazrouei. "We also aim to promote further expansion of our credit coverage facility which

currently caters to 17 different sectors across 110 countries."

Insurance Document Issuance

During this period, ECI witnessed a 24 percent rise in insurance document issuance within Abu Dhabi. Nationwide, ECI

attained total credit coverage worth AED 10.6 billion with a 16 percent increase in insurance document issuance.

The financial services sector topped nationwide coverage at 21.36 percent, followed by logistics at 14.63 percent and

reinsurance at 10.65 percent.

Economic Resilience

Al Suwaidi pointed out that despite global market challenges, Abu Dhabi's foreign trade continues to grow due to
momentum in non-oil foreign trade of goods and services. In 2023, Abu Dhabi's foreign trade sector achieved an

exemplary valuation of AED 3.5 trillion.

This growth is attributed to strategic alliances between public and private sectors ensuring sustained growth of non-oil

foreign trade within Abu Dhabi and nationally.

Xport Xponential Program

https://www.onearabia.me/business/etihad-credit-insurance-boosts-abu-dhabi-economy-011-67489.html 3/4