|23 February, 2020

Saudi Arabia inks MoU with Italian Export Credit Agency

SACE is strengthening its presence in Saudi Arabia through funding projects launched by Italian companies.

Image used for illustrative purpose. Container ship in import export and business logistic.

Image used for illustrative purpose. Container ship in import export and business logistic.

Gettyimages

Riyadh – Mubasher: Saudi Arabia’s Ministry of Finance (MoF) on Saturday signed a memorandum of understanding (MoU) with the Italian Export Credit Agency (SACE) to support trade and investment relations between the two countries under the umbrella of the kingdom’s Vision 2020.

Under the MoU, SACE will cooperate with Saudi Arabia’s National Debt Management Center to offer ways for funding government projects and provide training and technical support for finance.

SACE is strengthening its presence in Saudi Arabia through funding projects launched by Italian companies.

The Italian agency seeks to open an office in Riyadh to create a stable communication channel between Italian companies and banks and organisations and bodies in Saudi Arabia.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2020 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

More From Business