The Middle East and North Africa represent strategic markets for SACE with growing counter-trade and investments to and from ltaly.
In order to improve the knowledge, relationships and cooperation between local counterparties and ltalian exporters and investors, SACE has established a MENA regional office.
Our strategy for the region is to continue targeting transactions with large corporates as well as project finance deals where we act as a diverse source of funding and provide additional capacity to the market.
We have further strengthened our engagement in small/medium-sized transactions, supporting local buyers of ltalian technology and the subsidiaries of ltalian firms in their investments and financing needs related to the internationalisation process.
Likewise, we support ltalian contractors tendering far contracts by issuing the guarantees required by the purchasers, either directly or by counter-guaranteeing financial intermediaries. We also assist EPC contractors involved in large infrastructure projects, including those structured under public private partnership schemes, where we enhance their ability to raise working capital and equity financing.
SACE’s MENA office acts as a regional hub for Algeria, Bahrain, Egypt, Iran, Kuwait, Libya, Morocco, Oman, Qatar, Saudi Arabia, Tunisia, UAE and Yemen.
Partnerships in Middle East & North Africa
SACE holds a cooperation agreement with the lslamic Corporation for the lnsurance of lnvestments and Export Credit (ICIEC) aimed at creating a platform to facilitate transactions of mutual interest in the field of export credit, investment protection and sureties.
SACE also provides advisory services to the Aman Union and to Dhaman in Kuwait.