ECI partners with RAKEZ to spur Ras Al Khaimah’s non-oil trade – Gulf Today

ECI partners with RAKEZ to spur Ras Al Khaimah’s non-oil trade – Gulf Today

Top officials at the signing ceremony on Thursday.

Gulf Today, Staff Reporter

Etihad Credit Insurance (ECI), the UAE Federal export credit company, has partnered with Ras Al Khaimah Economic Zone (RAKEZ) to support the emirate’s path towards economic diversification by stimulating its non-oil foreign trade.

The Memorandum of Understanding (MoU) came as part of ECI’s continuing effort to support Ras Al Khaimah’s strategy to boost its burgeoning export activities. As of November 2022, ECI has facilitated Dhs261 million worth of secured non-oil trade for businesses operating in the emirate.

The agreement was signed by Ramy Jallad, Group CEO of Ras Al Khaimah Economic Zone, and Massimo Falconi, CEO of Etihad Credit Insurance.

Ramy Jallad, Group CEO of Ras Al Khaimah Economic Zone, stated: “In line with the UAE’s economic diversification strategy, this partnership will ramp up our efforts to position Ras Al Khaimah a leading global investment