The partnership will allow Dubai-based businesses to enter overseas markets and maximise their global reach by providing them with the UAE Federal Export Credit Company’s broad range of innovative trade credit solutions and Dubai Exports’ pioneering export-related solutions.
Sunday 15, September 2019
Etihad Credit Insurance (ECI) has signed an MoU with Dubai Export Development Corporation to develop and promote trade linkages and investment opportunities for Dubai-based businesses in high growth markets.
ECI stated that the collaboration helps empower and diversify not only Dubai’s economic growth but also that of UAE’s.
Under this MoU, both the institutions will collaborate in the organisation of trade promotion events and activities, mutually beneficial exchange of trade data as well as cooperation for learning and sharing best export practises.
HE Eng Saed Alawadi, the CEO of Dubai Exports, said, “The collaboration between ECI and Dubai Exports heralds a new phase for businesses looking for simplified and enhanced expansion.”
The partnership will also equip UAE-based companies in becoming globally competitive and enhancing their export potential by offering a range of export credit, financing and investment insurance products.
ECI has consistently directed its energies to sustain and develop UAE-based businesses in the progression of the country’s non-oil exports, trade, investments, and strategic sectors, said Massimo Falcioni, the CEO of ECI.
Dubai's foreign trade recorded seven per cent year-on-year jump in Q1 2019 to AED 339 billion, driven by a 30 per cent rise in export value.