Etihad Credit Insurance, K-SURE sign MoU

Etihad Credit Insurance, K-SURE sign MoU

DUBAI, 17th January, 2022 (WAM) -- Etihad Credit Insurance (ECI), the UAE Federal export credit company, signed a Memorandum of Understanding (MoU) with Korea Trade Insurance Corporation (K-SURE), the official export credit agency (ECA) of South Korea, to boost investments in sustainable green energy, with a focus on hydrogen production projects development and trade relations between the two countries.

The signing ceremony, witnessed by Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, and Moon Sung-wook, Korea Minister of Trade, Industry and Energy, took place at the UAE-Korea Business Roundtable on Hydrogen Partnership.

The event was chaired by Moon Jae-in, President of South Korea and jointly organised by the Federation of UAE Chamber of Commerce and the Korea International Trade Association (KITA).

A host of state ministers, government officials, ministers, and representatives of leading organisations from both countries, including Mubadala, ADNOC, Emirates Steel, attended this high-level business forum on sustainable development.

Apart from the strategic cooperation agreement between ECI and K-SURE, the event also witnessed the signing of two more agreements between UAE and Korea, highlighting the importance of corporation between government agencies to foster energy transition efforts to reverse climate change.

On the sidelines of the forum, Massimo Falcioni, CEO of