Press Releases and News

In the framework of Italian Government Mission in Saudi Arabia, SACE is signing deals and agreements with prominent financial and business counterparties, for an overall value of $ 6.6 billion, to support Italian exports in Saudi Arabia as well as trade and investment relations between Italy and the Kingdom.

The agreement marks NEOM’s first successful export credit agency financing and leverages Italian businesses to support in key sectors of the project’s development.

SACE, the Italian insurance and financial group fully owned by the Italian Ministry of Economy and Finance, and Arab Bank for Economic Development in Africa (BADEA), signed today a strategic agreement to cooperate in the context of the Mattei Plan for Africa, Italy's development cooperation and investment programme to strengthen ties with the African continent, in particular in target countries such as Angola, Ghana, Tanzania and Senegal, Ivory Coast, Republic of Congo, Mozambique, Kenya, Ethiopia.

On the sidelines of COP16, a technical roundtable co-hosted by Italy, the United Nations Development Programme (UNDP), and the Arab Coordination Group Framework (ACG), underscored a shared commitment to advancing sustainable development and the fight of desertification in Africa and the Middle East, in line with COP16 priorities and with the framework of the Italian Mattei Plan.

Collaboration between SACE and the African Development Bank Group to sustain the development of initiatives with Africa’s public and private sectors, with additional opportunities for Italian businesses in education, agribusiness, healthcare, energy, water and infrastructure