Giovanni Castellaneta Chairman of the Board of Directors of SACE SpA

SACE, the Italian Export Credit Agency, owned by the Ministry of Economy and Finance, has finalized an export credit operation supporting a commercial contract worth a total of €100 million for the supply of Italian tractors, plows, seeders, and other agricultural machinery to the African Country.

On the sidelines of the visit of Giorgia Meloni, President of the Council of Ministers of Italy, to the Sultanate of Oman, Italy’s Export Credit Agency, SACE, and Khazanah Modern Oman, an Omani corporation responsible for investments in high potential sectors for Italian companies including infrastructure, manufacturing, food & beverage, renewable energy and hospitality, have finalized a Memorandum of Understanding aimed at strengthening trade relations between Italy and the Sultanate.

SACE, Italy’s Export Credit Agency, wholly owned by the Ministry of Economy and Finance, has signed a reinsurance agreement with the Saudi Export-Import Bank (Saudi EXIM), further consolidating the long-standing cooperation between the two institutions.