Abu dhabi: Etihad Credit Insurance (ECI), the UAE's federal export credit company, has entered into a strategic Memorandum of Understanding (MoU) with the Dubai Economic Development Corporation (DEDC) to bolster the export infrastructure for manufacturers based in Dubai. This collaboration is aimed at providing export credit insurance and comprehensive trade risk mitigation services.
According to Emirates News Agency, this agreement was formalized during the 'Make It In The Emirates' 2026 event at the Abu Dhabi National Exhibition Centre. It represents a pivotal move to empower local exporters to venture into new international markets, aligning with the D33 Agenda's objective to double Dubai's economy over the next ten years and solidify its status as one of the world's top three global cities.
Raja Al Mazrouei, CEO of ECI, commented on the partnership, highlighting the shared commitment with DEDC to equip UAE exporters with the tools needed for global expansion. By integrating credit protection, financial access, and risk intelligence, the collaboration is set to unlock new opportunities and contribute to Dubai's long-term economic goals under the D33 Agenda.
Under the MoU, ECI will provide tailored credit insurance solutions, such as Whole Turnover Insurance (WTO) and Single Risk Policies, to exporters selected by DEDC as part of the Export Assistance Programme. This initiative aims to offer not just risk protection but also improved access to finance by connecting exporters with a network of partner financial institutions. Insured receivables can be used as collateral, facilitating access to export financing and working capital.
Additionally, the partnership will focus on capacity building through workshops and training sessions designed for partners of the Export Assistance Programme. These sessions will emphasize the benefits of credit insurance, including non-payment protection, margin optimization, and enhanced access to financing.