ECI unites with RAKEZ to boost Ras Al Khaimah’s non-oil foreign trade

ECI unites with RAKEZ to boost Ras Al Khaimah’s non-oil foreign trade

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

Through this partnership, ECI will provide RAKEZ members access to flexible state-backed trade finance support. ECI will also provide them with market intelligence through seminars and workshops, to support their overseas expansion goals.

The MoU is part of ECI’s continuing effort to support Ras Al Khaimah’s strategy to boost its growing export activities.

Massimo Falcioni

CEO – ECI “This partnership attests to ECI’s strong commitment to protecting businesses in Ras Al Khaimah with a focus on Small and Medium Size Companies. This will open up excellent opportunities to promote the culture of entrepreneurship in the emirate, by giving them better access to state-backed trade finance support. On the other hand, will also contribute directly to the sustainable development of the UAE economy while exploring and benefiting from new growth markets.”

Furthermore, the federal export company will appoint a dedicated trade credit insurance expert in Ras Al Khaimah to meet RAKEZ members’ export solutions needs.

“For its part, RAKEZ will facilitate referral channels for ECI solutions and create a