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investments. We will work side by side with our partners in the UAE to
guarantee the success of this agreement and maximize its benefits.”

Reducing Risks

H.E. Raja Al Mazrouei, CEO of Etihad Credit Insurance, said, “This agreement
aligns with ECI’s steadfast commitment to broadening its global network of

partnerships with strategic markets, offering innovative credit solutions,
streamlining export operations, reducing risks, and fostering confidence in
exports, re-exports, and foreign trade channels.”

The Agreement demonstrates Etihad Credit Insurance's steadfast dedication
to enhancing cooperation with export credit agencies. Over the past few
years, Etihad Credit Insurance has successfully formed around 21
cooperation agreements with government export credit agencies across the
globe. This move further helps to broaden the ECI’s network of collaborations,

which is a crucial component of the recently introduced strategic initiative
‘Xport Xponential.’ This initiative aims to support the growth of UAE exports
and increase the diversity of the national economy while also promoting its

sustainability.

Notably, the EGAP is a specialised state-owned credit insurance company
that focuses on the insurance of non-marketable commercial risks associated
with exports of goods and services from the Czech Republic. The company’s

primary focus lies in providing bank loans with a maturity of more than two
years to finance the export of energy, machinery, technological systems,
investment projects and transport constructions.

https://en.aletihad.ae/news/uae/4495896/bin-touq--uae--czech-republic-enjoy-growing-and-
developing-e