Agreements SACE - 30 June 2024

Piano Mattei: SACE new agreements to support trade relations with Egypt

On the sidelines of the Egypt-EU Investment Conference, SACE, Italy’s Export Credit Agency and insurance financial group has finalized two agreements, with the Ministry of Transports of Egypt and with the Commercial International Bank respectively, to support mutual growth opportunities between Italy and Egypt in the framework of Piano Mattei.

The Memorandum with the Ministry of Transportation – signed by H.E. Minister Lieutenant General Kamel El-Wazir and SACE Chief International Business Officer Michal Ron - is aimed at supporting climate-friendly and green impact transportation projects in Egypt as well as facilitating Italian exports and supplies, through export credit insurance and guarantee programs up to € 800 million.

The Memorandum with the Commercial International Bank (CIB), leading private commercial bank in Egypt, is aimed at reinforcing mutual cooperation and creating dedicated programs, also through export credit facilities, for specific sectors and projects up to € 120 million. The agreement has been signed by Omar El-Husseiny Head of Treasury Group and Michal Ron.

Those initiatives reinforce SACE commitment in the area to create connections and facilitate business & development opportunities, maximizing the positive impacts for the Communities involved, both in Italy and Egypt.

 

Documents

Download 20240630-PR-Mou Egypt CIB MOT
pdf 226 KB
Would you like more information?
Contact us +39 06.6736.888 [email protected]

Ultimi comunicati

Agreements SACE - 05 March 2025
PIF and SACE sign MoU for up to $3 billion to promote Italian companies’ engagement in Saudi Arabia
The MoU focuses on providing financing support for cooperation between Italian companies in the private sector and PIF and its portfolio companies It represents a continuation of PIF’s strategy to build and maintain strong relationships with leading international financial institutions and further diversifies its range of financing instruments The MoU will contribute to facilitating Italian companies’ businesses with Saudi Vision 2030 projects
Deals & Products SACE - 24 February 2025
SACE and AMEA Power L.L.C. sign collaboration agreement to develop projects in Africa and the Middle East under the ‘Mattei Plan’
The collaboration, for an amount up to 250 million dollars, aims to facilitate the exports from Italy and the internationalization of Italian companies and develop projects in Middle East and Africa, focusing on strategic sectors such as renewable energy production, water and desalination, green ammonia and green hydrogen production.
Deals & Products SACE - 24 February 2025
SACE and Metito Utilities strengthen cooperation between Italy and United Arab Emirates for Africa under the ‘Mattei Plan’
The collaboration aims to sustain, for an amount up to 100 million dollars, the development of initiatives strategically placed to invest in water projects in Africa with additional opportunities for Italian businesses in strategic sectors such as water, wastewater, desalination, waste-to-energy projects.