Etihad Credit Insurance (ECI), the UAE's federal export credit company, has welcomed Reem Finance into its Xport Xponential program partners, affirming a shared dedication to boosting exports and fostering economic growth in the UAE. The collaboration with Reem Finance aims to provide participating companies with easier access to financial resources, expanding their support network and enabling them to venture into new markets with the backing of reputable financial institutions.
Reem Finance is set to join a list of notable partners within the Xport Xponential initiative, alongside federal and local entities like the Abu Dhabi Department of Economic Development, Khalifa Fund for Enterprise Development, and various others. This strategic partnership is poised to enhance the Xport Xponential initiative launched by ECI last year, which supports UAE-based businesses in their export, re-export, and international trade endeavors, contributing to economic diversification and resilience.
H.E. Raja Al Mazrouei, CEO of ECI, expressed enthusiasm about expanding strategic partnerships through the Xport Xponential initiative to bolster credit support tools for companies and facilitate their access to a wider array of markets. Seraj Tariq Faidi, CEO of Reem Finance, stated, "We are proud to join the Xport Xponential initiative as a strategic partner."
The Xport Xponential initiative strives to aid UAE companies in strengthening their presence in both regional and global markets through innovative financial solutions. Reem Finance remains dedicated to supporting the national economy by empowering local businesses to explore new collaborative opportunities and enhance their competitiveness.
Moreover, the partnership extends to renowned financial and banking institutions, emphasizing support for non-oil national exports, which are crucial for the economy's growth.
