UAE Business: ECI inks pact with Terminus to improve trade-related projects – Gulf Digital News

UAE Business: ECI inks pact with Terminus to improve trade-related projects – Gulf Digital News

Etihad Credit Insurance (ECI), the UAE Federal export credit company, has tied up with Terminus Group to strengthen its trade-related digital infrastructure projects in the UAE and its expansion into new markets.

For this ECI signed a Memorandum of Understanding (MoU) with Terminus Group, a leading international Artificial intelligence of things (AIoT) smart solution provider and an official premier partner of the Expo 2020 Dubai.

The agreement, signed by Massimo Falcioni, CEO of ECI, and Lance Wang, Vice President of Terminus Group, aims to jointly understand existing challenges and needs; and to create bespoke credit insurance solutions in order to enhance the bankability of Terminus Group’s digital infrastructure projects in the UAE and upcoming projects in the Mena region.

Mitigating potential risks

The government-backed trade credit insurance will safeguard the group’s receivables and mitigate potential risks while trading in the UAE market or entering new competitive business settings.

Meanwhile, Terminus Group is exploring with UAE strategic partners to bring its world-class innovation and manufacturing capabilities to the UAE by setting up an innovation hub and factoring site.

ECI also aims at providing medium and long-term solutions such as buyer credit/project finance insurance and foreign investment insurance to guarantee Terminus Group’s project development.

The cooperation is aligned with