UAE: SACE supports Arada to foster new opportunities for Italian exports
SACE, the Italian Export Credit Agency controlled by the Ministry of Economy and Finance, has guaranteed a USD 100 million facility in favour of Arada, a leading UAE-based master developer with interests in hospitality, retail, wellness and industry.
The financing, provided by First Abu Dhabi Bank and structured in accordance with Islamic finance principles, will support Arada’s development projects in line with the company’s sustainability objectives, qualifying as a sustainability-linked loan.
Through this transaction, SACE is supporting the creation of new export opportunities for Italian supply chains in furniture, design and construction machinery. With an established track record of collaborations with leading Italian companies, including Armani Group, Arada is considered a strategic partner for Made in Italy. Among its most significant projects is Armani Beach Residences at Palm Jumeirah, for which Arada has negotiated the sourcing of high-end furnishings from Italy, confirming the UAE market’s appreciation for the quality and competitiveness of the Italian offering.
“We are proud to support Arada, a leading player with a strong vision and strategic projects capable of opening up new opportunities for Italian companies in the United Arab Emirates,” stated Ciro Aquino, SACE Regional Manager Middle East and Head of Dubai Office. “Through our support for this sustainability-linked and Shariah-compliant facility, SACE confirms its commitment to standing alongside Italian companies operating in the region, also against a complex and constantly evolving global backdrop. This transaction reflects our ambition to continue enabling sustainable growth, fostering new business opportunities for Italian excellence and further strengthening the economic ties between Italy and the United Arab Emirates.”
The United Arab Emirates is a priority market for Made in Italy and a strategic hub for the growth of Italian companies in the region. Against a complex international backdrop, marked by geopolitical instability and new challenges for global value chains, SACE continues to stand alongside Italian companies operating in the region, confirming its commitment to supporting exports and internationalization also in dynamic, high-potential markets such as the United Arab Emirates.