UAE – Mubasher: The UAE Ministry of Economy (MOE) and Etihad Credit Insurance (ECI), the UAE Federal Export Credit company, on Wednesday announced collaboration to encourage Emirati exporters and investors to expand globally.
The two parties aim to attract further foreign direct investment (FDI) into the country through this move, according to a press release.
The joint pledge will also promote the UAE’s non-oil trade of the state, mainly export activities.
Additionally, they will coordinate to support and motivate the top 100 exporters and the top 100 small- and medium-sized enterprises (SMEs) that export goods and services to international markets.
The MOE and the ECI will work jointly to set a Non-Oil Foreign Trade development plan for 2019 and for 2020-2023.
Sultan bin Saeed Al Mansoori, UAE economy minister and deputy chairman of ECI, said: “This collaborative effort will play a vital role in enhancing non-oil foreign trade and in creating a favourable business environment for exporters.”
“This partnership with ECI would drive export sector growth by enhancing the capabilities of UAE exporters to compete globally. This will significantly help in creating a sustainable economy with a diverse source of commercial and investment flows,” Al Mansoori added.
