Etihad Credit Insurance sign MOU to support Jafza tenants
Mita Srinivasan
Everything Finance

Etihad Credit Insurance sign MOU to support Jafza tenants

The agreement aims to drive the expansion and diversification of the UAE economy and ease financial pressure through trade credit insurance, surety bonding and other trade finance solutions

Etihad Credit Insurance Company (ECI) has entered a strategic agreement with Jebel Ali Free Zone (Jafza) to support companies licensed by it, help advance exports, and drive the UAE economy during the current economic climate. Under the MoU, ECI will provide export insurance services to companies licensed by Jafza including the benefits of trade protection solutions with a focus on trade credit insurance, surety bonding and trade finance solutions provided by Etihad Credit Insurance.

ECI also intends to assist and sustain Jafza members exploring export to foreign countries and sectors, also providing country risk reports in international trade activities.

Mohammed Al Muallem, CEO of Jafza said, “Our agreement with ECI is significant as it will help boost the export of UAE goods, works, services and the foreign investments of UAE companies. This move will increase cash flow, enable world trade and contribute towards long-term growth. We aim to provide support to companies licensed by Jafza and assist them to navigate these uncertain times. 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. Eventually, our ultimate goal is to ensure our customers’ success and we hope this alliance will be a fruitful one as we continue to grow together to create a better future for everyone.”