ECI’s strategy aligns with UAE’s vision for next 50 years: CEO

ECI’s strategy aligns with UAE’s vision for next 50 years: CEO

DUBAI / WAM

Massimo Falcioni, CEO of Etihad Credit Insurance (ECI), has affirmed that the company — since its establishment in 2018 — is instrumental in achieving the target adopted in the UAE National Agenda for non-oil Export Development, aiming at accessing 25 new global markets and advance the company’s foreign trade, thanks to ECI’s partnership strategy with foreign governments’ Export Credit Agencies and extensive Database of more than 320 million companies worldwide. In an interview with the Emirates News Agency (WAM), Falcioni said, “We implement our strategy to shape the UAE economy in accordance with the vision of the UAE leadership for the next 50 years. We seek to protect AED10 billion worth of non-oil trade by the end of 2021 and AED27 billion by 2024.” As the UAE Federal export credit company, Etihad Credit Insurance will continue to protect businesses’ cash flows and ease SMEs’ access to trade finance, thereby improving their contribution of the industrial sector to the UAE economy, he added. “Our trade credit solutions create new opportunities for investments and project financing, thereby adding value to the UAE’s non-oil GDP, employment, and SME sector development.”

The ease of access to such trade and project financing and other