The two entities sign agreement aimed to support UAE companies during these challenging times
Jebel Ali Free Zone (JAFZA) has entered into a strategic agreement with Etihad Export Credit Insurance Company (ECI), the UAE’s Federal export credit company, to support local businesses, advance exports, and drive the UAE economy during the current economic climate.
The Memorandum of Understanding (MoU) was signed virtually by Mohammed Al Muallem, CEO & Managing Director, DP World, UAE Region and CEO, JAFZA, and Massimo Falcioni, CEO, ECI, and witnessed by senior officials.
As per the MoU, ECI will provide export insurance services to companies licensed by Jafza. It is a result of the shared objectives of JAFZA and ECI to solidify the UAE economy globally and strengthen the UAE’s position as the preferred global hub for exports.
Through this collaboration, the two entities intend to assist and sustain members exploring export to foreign countries and sectors, also providing country risk reports in international trade activities.
“Owing to the current economic climate due to the global pandemic, we believe that partnerships like these will reinforce business relations and help us safeguard the interests of businesses and investors,” commented Al Muallem.
“ECI remains keen to boost diversification and ensure that the UAE economy thrives in a post-oil era, and our tailored solutions offer protection from risks and business continuity during such unprecedented times,” remarked Falcioni.
ECI was established with a mandate to advance the global competitiveness of UAE exporters.
