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Aid to businesses: SACE and Cariparma Crédit Agricole support PR Industrial in Saudi Arabia

SACE and Cariparma Crédit Agricole confirm their position at the forefront in supporting projects for the internationalization of companies through insurance and export support. The Sienese company PR Industrial obtained 1 million euros from Cariparma Crédit Agricole for transferring a SACE policy to the French group.

Aid to businesses: SACE and Cariparma Crédit Agricole support PR Industrial in Saudi Arabia

The Sienese company PR Industrial – which manufactures and markets machinery for the construction sector, generator sets and machinery for logistics handling – recently received €1 million in immediate liquidity from Cariparma Crédit Agricole following the transfer of its SACE policy to the French group. The PR Indistrial company had, in fact, obtained a supply contract with an important operator in Saudi Arabia (the first country in the world for the production of crude oil and with an expanding construction sector) relating to electric generators and forklift trucks. PR Indistrial, which operates under the Pramac brand, first ensured the supply with a SACE policy and then transferred the same to Cariparma Crédit Agricole obtaining immediate liquidity of 1 million euro.

SACE and Cariparma Crédit Agricole thus confirm their position at the forefront in supporting projects for the internationalization of companies through insurance and export support. Furthermore, always with a view to a growing market such as that in the Middle East and North Africa (MENA), SACE has envisaged the future opening of an office dedicated precisely to this area. 

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