Etihad Credit Insurance (ECI) and UK Export Finance (UKEF) have partnered to boost Senegal’s national emergency response infrastructure.
Under the $147 million Redco Project Senegal, the country will receive fire fighting vehicles, airport firefighting and rescue vehicles, ambulances and medical vehicles, rescue boats, and water trailers, cranes with cargo trucks and other safety equipment.
Etihad Credit Insurance in partnership with UKEF has provided guarantees for the loan obtained by the Senegal Ministry of Economy, Planning and Cooperation.
The emergency services equipment will be provided by NAFFCO, a UAE-based manufacturer and exporter of firefighting products and fire protection engineering.
This trade finance support is in line with Etihad Credit Insurance’s goals to boost the exports of Made in the UAE products and services as part of the ‘Operation 300bn’ strategy, which aims to develop the UAE’s industrial sector and enhance its role in stimulating the national economy.
Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade and Deputy Chairman of ECI’s Board of Directors, said: “The long-standing bilateral relationship between the UAE and the UK is built on the shared vision of both countries to promote sustainable development and economic prosperity across the globe. The UAE has been keen on engaging in such remarkable projects that can transform the lives of hundreds of thousands of people.”
He said the new agreement is part of UAE’s commitment to advance key segments like emergency services, healthcare, environment, and technology. “This collaboration is based on an effective public-private partnership framework that will also bring about substantial investment opportunities for UAE companies around sustainability, which is becoming the norm for the next generation developmental strategies,” he said.