His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has approved a decision to reconstitute the Board of Directors of the “Union for Export Credit.” This strategic move aims to enhance the operational effectiveness of the organization, underlining the UAE’s commitment to boosting its export capabilities on a global scale.
New Leadership for Enhanced Export Strategies
The newly formed board will be chaired by Dr. Thani bin Ahmed Al Zeyoudi, the UAE Minister of Foreign Trade. Distinguished members include Ahmed Mohammed Al Nuaimi, CEO of the Emirates Development Bank; Khalil Fadhel Al Mansouri, Executive Director of the Abu Dhabi Exports Office; and Mohammed Ali Al Kamali, Executive Director for Trade and Industry at the Abu Dhabi Investment Office. Other notable members are Mohammed Sharaf, Executive Director of Investment Attraction Operations at Dubai’s Department of Economy and Tourism; Sheikh Sultan bin Mohammed Al Nuaimi, Director General of the Ajman Ports and Customs Department; and Sheikh Omar bin Saqr Al Qasimi, Executive Director of the Investment and Development Office in Ras Al Khaimah.
Strengthening National Export Objectives
Dr. Thani bin Ahmed Al Zeyoudi emphasized that the reformation of the board represents a pivotal step in advancing the company’s policies and operational goals. He stated, “The board, with its leadership and specialized expertise across various sectors, will work diligently to achieve the company’s vision of empowering local exports and supporting non-oil foreign trade.” He assured that these efforts will contribute to sustainable economic growth and aid the nation’s developmental journey.
He further added, “Thanks to the visionary guidance of our wise leadership, the UAE is progressing in establishing its presence as one of the leading hubs for trade and export, both regionally and globally.” The company is committed to fostering sustainable trade and export activities, reinforcing its strategic partnerships, and enhancing its solutions and programs for export insurance and trade financing.
A Step Towards Sustainable Growth
Raja Al Mazrouei, CEO of the Union for Export Credit, commented that the reconstitution of the board marks a significant milestone in the company’s journey. She noted that the new board is equipped with leaders possessing valuable experience in government operations as well as in financial, investment, and credit sectors, all led by Dr. Thani bin Ahmed Al Zeyoudi.
Raja reaffirmed the company’s role as a critical driver of external trade growth and non-oil exports, in line with the country’s targets for sustainable economic advancement and diversification.
The restructuring of the “Union for Export Credit” board signifies a robust and focused approach toward enhancing the UAE’s export landscape, underscoring a combined commitment to navigating the complexities of global trade and fostering long-lasting economic resilience.