Italy Credit Body Sace Signs $6.6 Billion Deals in Saudi Arabia
Visitors look at information promoting Saudi Arabia's Neom megaproject in the Neom pavilion at World Economic Forum (WEF) in Davos, Switzerland, on Jan. 22.
Photographer: Stefan Wermuth/BloombergThis article is for subscribers only.
Italian insurer and export credit agency Sace said Sunday that it signed five accords worth $6.6 billion in Saudi Arabia.
The agreements come as part of an Italian government mission — spearheaded by Prime Minister Giorgia Meloni — to the country, according to a statement. The deals are with “primary Saudi counterparts active on the market,” with the goal of facilitating trade and investment between the two countries.