DUBAI. The Dubai Export Development Corp. (DEDC) will implement a credit insurance scheme for exporters in the next few months as part of its efforts to deliver value-added trade support services for Dubai exporters, the chairman of the corporation, Khalid Al Kassim, said. Addressing an export development corporation seminar, From the UAE to the World, Al Kassim said, “We are well on our way to introducing some significant initiatives which will help us attain our goals. Within a few months we expect to have in place a credit insurance scheme for Dubai exporters, which will act almost as a factoring service, and ensure prompt payment for exporters. We are also moving ahead with a scheme that will provide legal and regulatory advice on quality audits, trade policies and free trade agreements to exporters,” Al Kassim said. The seminar was the first in a series planned by DEDC to educate and assist the emirate’s exporters to identify new opportunities and expand their reach. Experts from logistics, financial services and government sectors discussed issues including leveraging logistics, utilizing finance to achieve export strategies and how to leverage free trade agreements. Engineer Saed Al Awadi, chief executive officer of DEDC, said the corporation planned to create an enabling environment for exports, including the simplification of export procedures and the formulation of an export diversification strategy. Established in 2006, the DEDC is an autonomous organization under the directive of the government of Dubai.

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