Etihad Credit Insurance (ECI), the UAE Federal export credit company, has launched its pioneering ‘Xport Xponential’ initiative, a strategic effort designed to support the exports of UAE-based companies and contribute to the sustainability and resilience of the national economy as well as diversify its resources.
This major announcement was made during the 3rd edition of ‘Make it in the Emirates Forum 2024.’ The ‘Xport Xponential’ initiative supports UAE-based businesses engaged in the export or re-export of non-oil products, with a special focus on small and medium-sized enterprises (SMEs).
Through this initiative, Etihad Credit Insurance aims to provide beneficiaries with access to innovative financial solutions through partnerships with the financial and banking sectors.
Raja Al Mazrouei CEO – ECI
“The initiative underscores our dedication to strengthening exporters within the UAE. It signifies the importance we place on fostering cooperation and strategic partnerships to boost the export sector in the country. This step will enhance the export capacities of UAE-based enterprises and advance the visibility of non-oil UAE products in targeted markets. This will be achieved through the implementation of a comprehensive financing framework and the utilization of our extensive strategic partnership network across the globe. Additionally, the initiative aims to enhance trade exchange routes between the UAE and its partners, building on the trust and cooperation established by the Comprehensive Economic Partnership Agreements (CEPA).”
Additionally, the initiative offers access to a vast database of over 300 million companies worldwide and provides significant facilities to enter the markets of countries that are part of the Comprehensive Economic Partnership Agreements (CEPA).
