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Strategic hub for the Middle East and North Africa, transactions and investments of 5 billion euros
Dubai, February 18, 2016 Sace opens a new office in Dubai, which will be the reference point for the activities the markets Middle East and North Africa markets. Leveraging Dubai’s role of regional financial, commercial and logistics center, the Sace will have a portfolio of some 5 billion euros in secured transactions and higher guaranteed investments - more than 70% of which are concentrated in the Gulf countries - and pipeline of new projects worth over 5 billion euros. Sace looks with particular attention to the potential linked to Dubai Expo 2020, and to infrastructure investments in the area. The CDP Group company has in fact made available to the Dubai Aviation Corporation (DACC) a credit line of 1 billion euros designed to support exports and investments of Italian enterprises involved in the Dubai South project, a 145-square-kilometer area that will house the new Al Maktoum International Airport and Dubai Expo 2020. Also in the Emirates, Sace recently signed a Memorandum of Understanding with Abu Dhabi Ports, which provides for the assessment of major projects for Italian companies, in particular with respect to the development of Khalifa port, the port of Abu Dhabi and Kizad free zone areas. The new office brings to 9 the number of offices in the Sace international network in the major emerging markets of strategic importance for Italian exports (Brazil, Russia, India, China, United Arab Emirates, Mexico, Romania, South Africa and Turkey).