Agreements SACE - 30 June 2024

Piano Mattei: SACE new agreements to support trade relations with Egypt

On the sidelines of the Egypt-EU Investment Conference, SACE, Italy’s Export Credit Agency and insurance financial group has finalized two agreements, with the Ministry of Transports of Egypt and with the Commercial International Bank respectively, to support mutual growth opportunities between Italy and Egypt in the framework of Piano Mattei.

The Memorandum with the Ministry of Transportation – signed by H.E. Minister Lieutenant General Kamel El-Wazir and SACE Chief International Business Officer Michal Ron - is aimed at supporting climate-friendly and green impact transportation projects in Egypt as well as facilitating Italian exports and supplies, through export credit insurance and guarantee programs up to € 800 million.

The Memorandum with the Commercial International Bank (CIB), leading private commercial bank in Egypt, is aimed at reinforcing mutual cooperation and creating dedicated programs, also through export credit facilities, for specific sectors and projects up to € 120 million. The agreement has been signed by Omar El-Husseiny Head of Treasury Group and Michal Ron.

Those initiatives reinforce SACE commitment in the area to create connections and facilitate business & development opportunities, maximizing the positive impacts for the Communities involved, both in Italy and Egypt.

 

Documents

Would you like more information?
Contact us +39 06.6736.888 [email protected]

Ultimi comunicati

Deals & Products SACE - 07 May 2025
500 million dollars loan granted by Banco Santander and Commerzbank with SACE guarantee in favour of Corporación Nacional Del Cobre De Chile, the world's largest copper producer, used in the electronics, construction, automotive, and renewable energy sectors, among others
Agreements SACE - 06 May 2025
The agreement between SACE and the Asian Development Bank aims to develop collaboration by identifying opportunities of mutual interest, thereby increasing Made in Italy exports to Southeast Asia.
Agreements SACE - 29 April 2025
On the occasion of the Italy-Türkiye Business Forum, organized by the Ministry of Foreign Affairs (MAECI) in collaboration with the ICE Agency, SACE announces almost €1 billion in new agreements to support the growth of Italian exports, further expanding its leading role in the country.