(Finance) – The Saudi Day Of SACEa day of meetings in Ryhad with the main players of the Saudi market organized by SACE to strengthen relationships and support current and potential operations involving Italian companies in the country, where SACE aims to open an office to offer the support of an on-site presence to Made companies in Italy. There delegationled by the CEO Alexandra Ricci, will meet leaders of the institutions that are largely investing in high-potential projects for Made in Italy and numerous top players with whom SACE is working. The Group is currently studying projects worth over 8 billion euros in Saudi Arabia in sectors ranging from infrastructure to urban planning, from healthcare to energy transition.
“Italian companies have great development potential in Saudi Arabia, which has embraced important growth and energy transition objectives – he declared Alexandra Ricci – Our new office will have the aim of supporting Made in Italy by supporting companies that already export to Saudi Arabia and providing companies that want to reach this market with all the tools, experience and skills of SACE combined with the added value of a physical presence on the territory”.
The driver of these opportunities is the program Vision 2030 launched by the Saudi Government with the aim of diversifying its economy and relaunching the country’s competitiveness through massive investments in the so-called giga-projects spanning various sectors such as renewable energy, logistics, infrastructure, tourism and hospitality and manufacturing.
Opportunity which, according to SACE forecasts, will determine a growth inItalian exportwhich in 2022 exceeded 4 billion euros in Saudi Arabia and which will be able to achieve +15% this year and approximately +5% in 2024.