The Khalifa Fund for Enterprise Development signed a Memorandum of Understanding with the Union Export Credit Company, to support small and medium-sized Emirati companies in entering the export market and enhancing their competitiveness in international markets.
The memorandum, which was signed by the Acting CEO of the Khalifa Fund for Enterprise Development, Moza Obaid Al-Nasiri, and the CEO of the Union Export Credit Company, Massimo Falcioni, aims to support the growth of small and medium-sized companies registered in the “Khalifa Fund”, in line with the national agenda towards non-oil economic diversification. .
This partnership will benefit these companies, as Etihad Export Credit will provide them with access to a wide range of export credit, financing and innovative insurance products solutions.
According to the memorandum of understanding, the two parties are working to form a joint committee to implement quality initiatives that contribute to strengthening UAE exports. The number of committee members, the composition of its structure, the means of its financing, the dates of its members’ meetings, and the decision-making procedures will be jointly determined by the Khalifa Fund and the Export Credit Union.
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