SACE SIMEST (CDP Group) takes 40 SMEs of the oil & gas sector to Kuwait

Today marks the start of the business-matching mission to Kuwait for companies in the oil & gas sector, organized by SACE SIMEST (CDP Group) in conjunction with ICE-Agenzia and the Italian Embassy.

An intense program of meetings will bring the companies into contact with the procurement teams of the principal subsidiaries of Kuwait Petroleum Corporation and more than 25 other potential local partners. They will also participate in seminars on the legal and regulatory aspects essential for conducting business in the country.

The initiative is an offshoot of SACE's recent activity as part of its “Push Strategy”:  to support the awarding of contracts to Italian companies, SACE has guaranteed a €625 million line of credit for Kuwait National Petroleum Corporation (KPC group) associated with the organization of business-matching meetings for Italian companies.

The large number of participants was also facilitated by SACE's collaboration with SupplHI, a digital platform developed to promote the meeting of supply and demand by linking up suppliers and buyers of various industrial sectors.