Etihad Credit Insurance (ECI) has unveiled a visionary strategy and growth plan by setting a target to secure $3 billion worth of non-oil exports and re-exports of UAE-based non-oil companies in 2019.

 

This move aligns with the country’s economic agenda based on the diversification objectives of the UAE Vision 2021, said a company statement.

 

The new ECI strategy was revealed at the recently concluded ECI 2019 Kick-Off Meeting at the Jumeirah Emirates Towers Hotel, Dubai, UAE.

 

The event further highlighted ECI’s goal to support UAE-based companies with over $1.1 billion in exposure and revolving credit limits in 2019. With this, ECI remains committed to its role of assisting UAE businesses which are aiming to enhance their presence regionally and globally, the company said.

 

The ECI 2019 Kick-Off Meeting was attended by Engineer Saed Al Awadi, chief executive officer of Dubai Export Development Corporation and board member and chairman of the Executive Committee at ECI; Massimo Falcioni, chief executive officer at ECI; and senior officials of various chambers of commerce and strategic partners of ECI.

 

The well-attended meeting highlighted the strategic partnerships that ECI has formed with key partners from government, Shariah-compliant and conventional trade credit insurance, Export Credit Agencies (ECAs), banking, professional and advisory services, technology as well as financial information services.

 

During the event, ECI’s government partners affirmed their support to UAE companies by helping them in the expansion of their businesses and finding solutions to the challenges they face. 

Leading economists and industry specialists delivered insightful presentations on the economic performance and outlook of the UAE and the wider Gulf region. Additionally, other key strategic partners presented solutions and services that will be extended to UAE companies through collaboration with ECI.

 

The event, while giving an overview of the economic forecasts and challenges of 2019, underscored ECI’s solid strategy and plan for the year ahead.

 

Being fully operational as the UAE Federal export credit company, ECI is equipped to offer solutions to secure the country’s exports and support the growth of non-oil foreign trade. ECI has emphasised its commitment in playing a lead role in the country’s move towards non-oil diversification by seeking not only to fuel the progress of UAE but also the export community, thereby contributing to a robust and sustainable national economy, the statement said. - TradeArabia News Service