H.H. Sheikh Hamdan bin Rashid praises support of Al "Itihad Export Credit Company" to the national economy
26 April 2017
26th April, 2017 -- H.H. Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and UAE Minister of Finance, and Chairman of the Board of Al Etihad Export Credit Company, chaired the Company's first board meeting held at the Dubai Ruler's Court to discuss the first steps towards developing its strategic plans.
In his remarks during the meeting, H.H. Sheikh Hamdan noted the benefits of the Company to the national economy through enabling exporters to enter new markets while protecting them from non-payment risks. “This support boosts non-oil imports” he said.
"The Company was established as a part from the UAE Vision 2021 that seeks to diversify sources of income and reduce reliance on oil to prepare for the post-oil era. Small and medium-sized enterprises will receive a boost as a part of the UAE's efforts to support their exports and fend off credit risks”, H.H. Sheikh Hamdan noted.
“The UAE backs non-oil sectors to increase their share in the economy. Trade and industry are key pillars of sustainable economic development”, he added.
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Sheikh Rashid bin Hamdan bin Rashid Al Maktoum, Supreme Chairman of the Hamdan Bin Rashid Al Maktoum Foundation for Distinguished Academic Performance and Patron of the Sheik ...
