SACE and Qatar Development Bank: reinsurance agreement to support exports
On the occasion of TXF Global 2026, SACE, the Italian Export Credit Agency, owned by the Ministry of Economy and Finance, and Qatar Development Bank (QDB) signed a reciprocal reinsurance agreement to support export credit transactions involving Italian and Qatari suppliers in international markets.
Under the agreement, SACE and QDB will cooperate on projects of mutual interest, creating new opportunities for both Italian and Qatari companies in third countries. QDB’s participation is structured on a Sharia-compliant basis, in line with Islamic finance principles, making this SACE’s first fully Sharia-compliant reinsurance arrangement.
The agreement marks a further step in strengthening the ties between Italy and Qatar and reflects the shared commitment of SACE and QDB to supporting business growth and promoting cross-border trade through dedicated insurance and risk-sharing solutions.
“By joining forces with Qatar Development Bank, we are creating a concrete framework to support export transactions in third markets involving Italian and Qatari content. This cooperation will help open new opportunities for companies from both countries, facilitate their access to international projects and strengthen their role in global value chains,” stated Mario Melillo, Chief Network Officer of SACE.
“This agreement is a powerful indicator of the relations between Italy and Qatar growing ever stronger and more dynamic. This partnership will open new global markets for both countries; and it will act as a strategic catalyst for export-led growth”, stated Stefano Togni, Ambassador of Italy to the State of Qatar.
“Partnerships of this nature are increasingly important as exporters seek to participate in larger international export projects. By working with SACE, QDB is reinforcing the support available to Qatar-based exporters and contributing to a framework that can serve the growth ambitions of both Qatari and Italian exporters in global markets,” stated Khalid Abdullah Al-Mana, Vice President of Enterprise Development at Qatar Development Bank and Executive Director of Qatar Exports.