Bloomberg/Asper Juinen

Insurance

ECI, Dhaman partner to enhance economic growth in the MENA region

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The duo agreed to exchange research-based knowledge by offering technical assistance to Arab Foreign Direct Investment (FDI), promotion agencies as well as cooperation with Arab and international organisations involved in investment promotion.

Wednesday 22, May 2019 BY KUDAKWASHE MUZORIWA

Etihad Credit Insurance (ECI) has signed a reinsurance agreement with the Arab Investment and Export Credit Guarantee Corporation (Dhaman) to support the growth and expansion of the UAE businesses.

ECI stated that it will support international business expansion plans of UAE-based firms by covering higher risk percentage, which will strengthen and enable the businesses to explore wider opportunities thus broadening their regional and global footprint.

Massimo Falcioni, CEO at ECI, said, “The agreement supports ECI’s substantial role in the transformation of the UAE’s economy by driving the non-oil sectors as well as stimulating advancement in the various trade sectors.

Additionally, the collaboration will further allow ECI to cover more risks that will help UAE-based businesses to grow and compete in the international markets.”

The partnership between ECI and Dhaman will further enhance the inter-Arab trade and UAE exports globally, in line with the country’s non-oil diversification strategy and Vision 2021.

TAGS : Etihad Credit Insurance, Dhaman, non-oil economy, reinsurance agreement

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