Boosting Food Security: Maalexi Partners with ECI for SMEs' Growth
Mokshita P.
10x Industry

Boosting Food Security: Maalexi Partners with ECI for SMEs' Growth

Collaboration Aims to Boost Food Security and Facilitate Growth Opportunities for Small and Medium-Sized Enterprises in the UAE.

So, there's this platform called Maalexi based in the UAE. They're all about managing risks for small and medium-sized agri-businesses. And recently, they've teamed up with Etihad Credit Insurance (ECI), which is like the go-to place for credit insurance in the UAE, especially for exporting.

Now, what's cool about this partnership is that Maalexi is going to tap into ECI's bag of tricks when it comes to trade credit solutions. Basically, they're going to use ECI's tools to make it easier for small agri-businesses to compete in both local and global markets. How? By lowering the barriers that usually get in the way, especially when it comes to getting paid on time and dealing with all the nitty-gritty stuff involved in trading.

This collaboration is a big deal because it's not just about making things easier for businesses. It's also about boosting food security in the UAE. See, Maalexi is all about helping SMEs get involved in trading food products across borders. And with ECI's help, they can do it better and safer.

They're going to focus on tackling the risk that comes with getting paid by small buyers and importers. Especially in those smaller transactions that might slip under the radar. By sorting out these risks, they're making the whole agri-trade scene in the UAE much better. It means more trade, more access to markets, and more opportunities for those small businesses to grow.

The CEO of ECI, H.E. Raja Al Mazrouei, is pretty pumped about it. She thinks this partnership will really help those small agri-food businesses in the UAE branch out and offer more products. With ECI's payment protection solutions in the mix, it's like an extra layer of safety for these businesses.

And Dr. Azam Pasha, the Co-founder and CEO of Maalexi, is equally excited. He sees this collaboration as a way to make it safer, faster, and cheaper for small businesses in the UAE to get the food and agri products they need. Plus, it strengthens their mission of supporting SMEs and making sure the UAE has a solid supply of food and agricultural products.

So, in a nutshell, this partnership is all about making life easier for small agri-businesses in the UAE, helping them grow, and making sure there's always enough food to go around. Cool, right?