Italy's SACE Egypt portfolio amounts to EUR 1.6bn

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Cairo – Mubasher: The Italian Export Credit Agency (SACE) is looking for an office in the Middle East and supporting Italian firms operating in the Arab world's most populous country.

The agency's Egypt portfolio amounts to EUR 1.6 billion in the fields of energy, petrochemicals, infrastructure, and construction, the head of the SACE said on Monday.

Sahar Nasr and the chairman of SIMEST and head of institutional affairs at SACE during Nasr's visit to the Italian capital, Rome.

SACE's head of institutional affairs has made positive progress in Egypt's economy, including major projects that boost economic and social progress.

For her part, Nasr called Italian investors to lean and expand in Egypt in light of the economic collaboration between both countries.

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