Finance News

Etihad Credit Insurance(ECI) showcases innovative trade finance solutions

ABU DHABI, UAE: Etihad Credit Insurance (ECI), the UAE’s state export credit company, is attending the first Make it in the Emirates Forum, currently taking place at the ADNOC Business Center in Abu Dhabi, and is providing the flexibility Its offering of trade finance solutions can help UAE manufacturers capitalize on advanced digital production technologies as part of the country’s Fourth Industrial Revolution (4IR) strategy.

Themed “Invest, Partner, Grow”, the forum is organized by the Ministry of Industry and Advanced Technology of the United Arab Emirates (MoIAT) in cooperation with the Abu Dhabi Ministry of Economy (ADDED). Over 20 key stakeholders are expected to speak on various aspects of industrial growth strategies at the event, which has brought together more than 1,300 delegates from investment firms, financial institutions and corporations across the country’s federal, public and private sectors.

ECI provides trade and project finance collateral to enable UAE companies to participate in new product innovation and generate more jobs and income across the country in the spirit of the Make it in the Emirates initiative.

ECE’s commercial bank payback guarantees — which can be extended up to 15 years — empower them to provide credit to companies to acquire advanced digital production technologies (ADP) that drive the 4IR.

ECI can also help UAE industrialists to obtain financing for new technologies that can increase production efficiency, leading to sustainable industrial competitiveness and manufacturing sector expansion. These cutting-edge technologies not only improve their efficiency, but also help them reduce their carbon emissions and energy consumption at every stage of their production, which can improve environmental sustainability – a key goal for ECI in line with the UAE’s sustainability agenda.