SACE assessing possible 4.9-bln-euro investment in Egypt

Announcement during PM's visit to Expo

23 July, 16:04

    (ANSAmed) - ROME, JULY 23 - SACE is currently assessing projects worth some 4.9 billion euros for SMEs and large businesses in Egypt, it announced on Thursday at Expo Milano 2015.

    As part of Egypt's National Day and on the occasion of the Egyptian prime minister Ibrahim Mahlab's ongoing visit to Italy, the Italian export credit agency has strengthened its commitment in the North African nation and is preparing to announce significant actions to support Italian enterprise export and investment in one of the most strategic markets for Italy in the Mediterranean area. SACE noted that the group already has a portfoglio of about 415 million euros in commitments secured, mostly in the energy, petrochemical and industrial technologies sectors. The commitment was strengthened by an MoU signed in February by SACE and the Egyptian industry ministry, which lay the groundwork for closer collaboration in Egypt's strategic sectors, in which Italy has much to offer: infrastructure, electricity, renewable energy, agro-industry, irrigation systems and water treatment.

    (ANSAmed).

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