A decisive boost for Made in Italy. The agreement signed with the Saudi Public Investment Fund (PIF) — backed by SACE’s guarantee on roughly three billion dollars in financing mobilized by an international banking consortium — opens unprecedented commercial pathways for Italian companies within Riyadh’s massive development programs. SACE is the Italian Export Credit Agency.
The big picture: A financial bridge for Italian enterprises. This operation highlights the dynamic effectiveness of SACE’s “Push” strategy, designed to proactively support the national productive fabric in high-potential Gulf markets.
- A robust financial structure: Through targeted coverage—split into a traditional tranche and a “green” tranche—SACE does not disburse direct public funds, but rather enables and guarantees bank credit lines intended to facilitate PIF and its portfolio companies in purchasing Italian goods, technologies, and services.
- A shared long-term vision: Building upon the memorandum signed in March 2025, top executives from SACE and the Saudi fund underscore that this partnership is rooted in mutual trust and deep industrial complementarity.
Between the lines: Harnessing Riyadh’s economic power for national growth. With assets exceeding $900 billion (and surpassing $1.2 billion at the consolidated group level), PIF stands as one of the world’s premier investment engines, driving the transformative projects of Saudi Vision 2030 (ranging from NEOM and Qiddiya to cutting-edge artificial intelligence initiatives like Humain).
- Winning industrial synergies: Securing a preferred partner status within such a vast ecosystem allows Italian enterprises—spanning advanced mechanics, infrastructure, and green tech—to tap into high-value procurement contracts.
- Value for the national system: SACE’s intervention acts as a powerful multiplier of opportunity, lowering entry barriers and providing our industrial excellence with a passport of reliability and financial strength in international arenas.
Why it matters: The partnership between SACE and PIF demonstrates the power of modern, proactive economic diplomacy.
- By leveraging public guarantee instruments to cement ties with a global heavyweight like Saudi Arabia, Italy not only champions its manufacturing exports and economic growth but positions itself as an indispensable technological and industrial partner at the heart of Middle Eastern transformation.
