SACE: Net profit of € 338.9 million (+ 56%) in the first half of 2009

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.

SACE, Italy’s Export Credit Agency, wholly owned by the Ministry of Economy and Finance, announced the finalization of a USD 1 billion Push Strategy initiative with Saudi Electricity Company (SEC), the primary source of electricity in Saudi Arabia and the leader in electricity production, transmission and distribution in the Middle East and North Africa