At the program’s closing ceremony, Etihad Credit Insurance (ECI), the government export credit business of the United Arab Emirates, reported the results of its “Xport Xponential” initiative, which has raised Dhs 174 million in funding to promote the expansion of SMEs. Four of ECI’s banking partners—First Abu Dhabi Bank, Commercial Bank of Dubai, Ajman Bank, and Al Maryah Community Bank—helped raise the operating capital. Additionally, ECI is still dedicated to working with its other banking partner to get comparable finance and capital for SMEs.
Abdulla Bin Touq Al Marri, the Minister of Economy and Chairman of the Board of Directors of Etihad Credit Insurance, sponsored the program’s concluding ceremony. By encouraging investment and attracting talent, the event supports the Ministry’s goal of creating a resilient entrepreneurial environment and a flexible future economy.
According to Bin Touq, the “Xport Xponential” initiative is essential to the UAE’s continuous efforts to boost the share of small and medium-sized businesses in the non-oil GDP of the nation. Additionally, it directly advances the goals of the national policy “We the UAE 2031,” which calls for expanding international trade to Dhs 4 trillion and increasing non-oil exports to Dhs 800 billion over the following ten years.
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