"The Federation Export Credit" Small and medium -sized companies in cooperation with 4 national banks support 174 million dirhams

Dubai, June 25/ WAM/ The “Federation for Export Credit” announced the Federal Export Credit Company in the United Arab Emirates, its success in providing a worker financing of 174 million dirhams to support the growth of small and medium -sized companies, in cooperation with four of its banking partners “Abu Dhabi First Bank, Dubai Commercial Bank, Ajman Bank, and Local Maria Bank”.
This came during the closing ceremony of the “XPONTENTAL Export Exports” program, which was held today in Dubai, under the patronage of His Excellency Abdullah bin Touq Al -Marri, Minister of Economy and Chairman of the company’s board of directors in line with the Ministry’s vision in building a flexible future economy and a pioneering business environment through facilitating investment and attracting competencies.
The company confirmed its commitment to securing more funds and capital operating for small and medium -sized companies with the support of its other banker partners.
For his part, His Excellency Abdullah bin Touq Al -Marri affirmed that the “XPONENTAL Export Exports” program is a major pillar in enhancing the contributions of small and medium -sized companies to the state’s non -oil GDP and supporting the targets of the “UAE 2031” vision aimed at raising the value of non -oil exports to 800 billion dirhams, and increasing the volume of foreign trade to 4 trillion dirhams by the next decade.
His Excellency added that the initiative takes advantage of the current commercial momentum to help small and medium companies benefit from the capabilities enjoyed by global markets, especially with the UAE’s progress in the expansion of its cooperation and economic and commercial partnerships with various strategic global markets, explaining that the volume of export and re -export activities between the UAE and the countries that combine comprehensive economic partnerships of 390.5 billion dirhams.
For its part, His Excellency Rajaa Al Mazrouei, CEO of the Federation, confirmed export credit for the company’s role in enhancing the competitiveness of Emirati companies globally, noting that the program is a strategic platform to link local companies with potential importers, and help them expand new markets with confidence and effective by making sure to identify export markets with high capabilities for a variety of products.
She said that the “XPONENTACAL Export Exports” program reflects our commitment to the strategic vision of the UAE to diversify non -oil income sources through which we provide integrated financial and insurance solutions that enable small and medium -sized companies to grow at the global level, while reducing the risks associated with export operations.
She emphasized that the program aims to reach the largest number of small and medium -sized companies and their awareness of foreign trade opportunities and how to support them by Al -Ittihad Export Credit Company to expand outside the Emirates.
She explained that the program involves two parts, the first focuses on educating medium and small companies and identifying the targeted markets and helping them in analyzing risk in these markets, while the second part focuses on working with companies and with the financial institutions and services provided by the company to ensure the process of financing small and medium companies.
In this context, Futton Hamdan Al Mazrouei, head of the Banking Services Group for Individuals and Business and Wealth Management and the Distinguished Customer Group in Abu Dhabi First Group said that the bank’s goals are in line with the directions of the Ministry of Economy aimed at building a flexible economy that keeps pace with the changes of the future, and the consolidation of a strong and stimulating system of entrepreneurship by enabling investment and attracting the best talents and competencies through our support for small and medium -sized companies Providing it with innovative financing solutions, we have contributed to opening new horizons for growth and expansion at the international level.
She pointed to the importance of the “XPONENTAL Export Exports” program in enhancing the competitiveness of the UAE and supporting its ambitious aspirations to expand its commercial presence in strategic international markets.
For his part, Dr. Bernd Van Linder, CEO of Dubai Commercial Bank, said that for more than fifty years, we have played an active role in supporting the growth march of the UAE, and today we continue this commitment by enabling the vital small and medium -sized companies sector, and creating a tangible impact that contributes to diversifying the tributaries I welcome companies along the state along the state, and to build on the achievements achieved.
Mustafa Al -Khalafawi, CEO of Ajman Bank said that this participation embodies the commitment of the firm bank to support the national agenda of the UAE, especially the “Ajman Vision 2030” and “We are the UAE 2031 Vision” and reflects the provision of support of 174 million dirhams through this initiative the importance of cooperation between the government and private sectors.
For his part, Mohamed Wasim Khayat, CEO of Local Maria Bank, said: “We are proud of our partnership with the federation to credit exports through the” speeding up exports “program, which represents a pivotal step in enabling small and medium -sized companies in the UAE to enter global markets with confidence and this initiative is in line with the state’s vision in diversifying the economy and increasing non -oil exports and opens new horizons for local companies in vital sectors for growth and success At the international level.
The “Export Credit” union launched the “XPONENTAL Export Exports” program to achieve two main goals, stimulating the global expansion of small and medium -sized companies, and contributing to their financing in cooperation with partner banks.
The program aims – since its launch during the third edition of the exhibition “Make in the Emirates” in May 2024 – to accelerate the global expansion of small and medium -sized companies operating in the country, through specialized financial support, and enhancing its readiness to export through innovative financing and commercial credit solutions.
42 companies have advanced to join the program, 10 companies were chosen based on accurate evaluation criteria, and the total volume of the business of these companies reached 2.1 billion dirhams so far, and aims to expand in four main markets: Indonesia, India, the Kingdom of Saudi Arabia, and the Sultanate of Oman, with total potential export opportunities of 31.3 billion dirhams during the next four years, in ten vital economic sectors.
The program is implemented in cooperation with 19 strategic partners that include many federal, local and many financial and banking institutions.
Since the launch of the program, the Federation’s partnerships have increased export credit with government agencies and banks by 27%, which reflects the strength of the integrated system that links the government and private sectors in supporting national exports.
It is worth noting that the total insurance coverage that the company provided since its foundation to support local exports amounted to about 21 billion dirhams, while the total number of installments reached 447 million dirhams.

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