Tuesday 21 May 2019

ECI eyes $3bn UAE non-oil exports in 2019

DUBAI, February 16, 2019

Etihad Credit Insurance (ECI), the UAE Federal export credit company, said it is set to play a lead role in the country's move towards non-oil diversification by securing $3-billion worth of exports and re-exports of non-oil companies in 2019.
The ECI unveiled its visionary strategy and growth plan aligned with the country’s economic agenda based on the diversification objectives of the UAE Vision 2021, during 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 event 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 ECI; along with  Mohammed bin Sulaiman, Senior Manager, Member Relations, Dubai Chamber of Commerce and Industry; Imad Oubri, Business Development Expert, Investment Promotion Director, RAK Chamber of Commerce and industry; Khatija Haque, Head of MENA Research at Emirates NBD and Nasser Saidi, President of Nasser Saidi & Associates;
Also Simon Eedle, Regional Head of Corporate and Investment Banking, MEA of Natixis; Jörg Thews, Lead Partner, FSO, Switzerland and Eric Lefebvre, Associate Partner, FSO, Switzerland from EY; Federica Pocek, Senior Relationship Manager, UAE and MENA Region of SACE, the Italian export credit company (CDP Group); Mourad Ali Mizouri, Manager, Business Development Department at The Islamic Corporation for Insurance of Investment and Export Credit (ICIEC); Leroy Almeida, Senior Executive Officer of Markel International (Dubai); Olivier Placca, Deputy CEO of Tinubu Square; and Danish Shamsi, Sales Director of Fitch Solutions took part.
The 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 help UAE companies by supporting 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 the collaboration with ECI.-TradeArabia News Service


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