If Italy managed to fully exploit its potential, its exports to Egypt could reach 4 billion euros by 2019. A value that could rise to 5 billion euros if the Egyptian economy managed to fully recover the pre-crisis growth rates. This is what we read in a study published today by Sace, who took part in the Business Forum in Sharm El Sheik which Prime Minister Renzi should also participate tonight.
THEItaly it is Egypt's fourth global supplier, with exports of 2,8 billion euros in 2013, and counts on the stable presence of over 130 Italian companies in the country. A partnership that finds fertile ground in the recovery process undertaken in the last year, marked by a substantial recovery in consumption and investments.
In Egypt, Sace it has a portfolio of insured commitments of around 480 million euro, mainly concentrated in the energy, petrochemical and industrial technology sectors, and is working on new projects for a total value of over XNUMX billion euro involving both large companies Italians than many SMEs.
Sace recently renewed its commitment to the North African country, signing a Memorandum of Understanding with the Egyptian Ministry of Industry and laying the foundations for closer collaboration in strategic sectors for Egypt: infrastructure, electricity and renewable energy, agro-industry, irrigation systems and water treatment.
To support Italian companies that continue to find the southern shore of the Mediterranean a privileged destination for their exports and investments, Sace has also set up a Desk dedicated to the Middle East and North Africa.
