SACE Value of Services Grows after Iran Deal

A senior official with Italy’s major export credit agency SACE said the agency’s value of services has witnessed a steady growth after it signed a cooperation document with the Islamic Republic of Iran.

Marco Frioli, the director of the Middle East and North Africa department of SACE, said the agency’s value rebounded steadily after an agreement was signed between Iran and the company during a visit by President Hassan Rouhani to Rome back in January.

He made the remarks while addressing an investment commission session at Iran’s Chamber of Commerce in Tehran recently.

SACE’s value of services, which previously stood at €1 billion, now has reached €2.5 billion, Frioli added.

Rouhani visited Rome on January 25 at the head of a high-ranking delegation, which included government officials, Iranian entrepreneurs and businessmen.

Key documents were signed during his trip, which set out a roadmap for mid- and long-term cooperation with Rome in various arenas, including investment, technology, transportation, exports insurance, agriculture, and tourism.

(Source: Tasnim, under Creative Commons licence)

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