Under the Patronage of
Vice-President and Prime Minister of the UAE and Ruler of Dubai
Massimo Falcioni is the Chief Executive Officer of Etihad Credit Insurance, the national export credit agency of the UAE, mandated to reinforce the country’s economic diversification programs as well as to support its export and international trade and investment activities. A seasoned and dynamic leader in the financial industry with over 28 years of solid business experience spent in the private and public sectors and led efforts focused on job creation, trade, economic development, multinationals and government companies’ growth. He has constantly produced sustained revenues and EBITA growth in both mature economies (Europe) and fast growing markets (Middle East & Africa), through a deep understanding of economic cycles and import / export trade flows. He has held various CEO and directorial positions for multinational companies including Exxon-Mobil, Philip Morris International, Volkswagen Financial Services, Euler Hermes (Allianz)and Coface. A full mark graduated in Business and Managerial Economics from Sapienza University of Rome in 1991, Massimo is an international lecturer and expert in cross-cultural work settings, strategizing for various economies and organizational changes. His enthusiasm in these fields has earned him distinctions from various award- giving bodies. In 2019, Massimo Falcioni was ranked 13th as the Forbes most influential executive heading local company, he was also honored with the Best CEO for Export Credit Agency Middle East and Africa by the Burj CEO Award and as well the Global Leadership Award by World Leadership Awards. In 2017, the President of Italy conferred him with the Knighthood of the Order of the Star for promoting relations of other countries with Italy. A champion of entrepreneurship and excellence, Massimo is a pioneer and an active member of some of the world's most prestigious business organizations. He is currently the Vice President and Secretary General of the Italian Business Council for Dubai and Northern Emirates. He is also a founding member of the French Business Council Dubai and Northern Emirates Healthcare Committee; and a member of Rotary Jumeirah Club.
14:00 – 15:30
SME Pillar Session 1 - Financing SMEs in the Digital Era
Small and medium enterprises (SMEs) account for over 90% of firms worldwide. They are the most significant contributors to employment and generate the majority of jobs in developing economies. SMEs are also a substantial contributor to overall value-added in these economies.
However, SMEs face greater financing obstacles than larger firms—they enjoy less access to external finance and face higher transactions costs and higher risk premiums. Almost 70% of SMEs do not use external financing from financial institutions, and another 15% are underfinanced. The total credit required to finance these SMEs fully is over $2 trillion, equivalent to 14% of total developing economy GDP.
The session will discuss how to finance SMEs in this digital era and what challenges are.