United Arab Emirates / Supporting Export of Construction Machinery by Japanese Companies （NEXI Underwrites Loan Insurance through Export Credit Line for Dar Alhai Trading FZE）
Nippon Export and Investment Insurance
Nippon Export and Investment Insurance (NEXI; Chairman and CEO: Atsuo Kuroda) has decided to provide insurance to finance Dar Alhai Trading FZE (DAHT), a private company in UAE that imports, sells and leases automobiles, construction machinery and other goods.
Under the export credit line1 set up between Japan Bank for International Cooperation (JBIC) and DAHT, the loan is co-financed by MUFG Bank, Ltd. (MUFG Bank) and JBIC. NEXI will underwrite loan insurances for the portion financed by MUFG Bank.
This loan will provide DAHT with the funds to purchase construction and other machinery from Japanese companies. DAHT has been purchasing construction machinery from Japanese companies and intends to continue to make such purchases moving forward. This loan is to support the sales of construction machinery to DAHT by Japanese companies and thus will contribute to maintaining and improving the international competitiveness of Japanese industry.
As Japan's export credit agency, NEXI will continue to actively support Japanese companies’ international business.
| Loan Customer | Dar Alhai Trading FZE |
| Insured | MUFG Bank, Ltd. |
| Insured Values | JPY 3.5 billion |
| Tenors | Approx. 3 years |
| Covered Risks | Political Risk 100% and Commercial Risk 100% |
Contact: Infrastructure Group, Structured and Trade Finance Insurance Dept.
Tel: +81-(0)3-3512-7674
1 Export credit line is a form of export financing in which a certain amount of credit limit is set up to promote the export of Japanese goods and equipment.