{"id":95023,"date":"2025-03-06T00:00:00","date_gmt":"2025-03-06T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/03\/06\/sace-considers-usd-3-bn-in-additional-backing-for-pif\/"},"modified":"2025-03-06T00:00:00","modified_gmt":"2025-03-06T00:00:00","slug":"sace-considers-usd-3-bn-in-additional-backing-for-pif","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/03\/06\/sace-considers-usd-3-bn-in-additional-backing-for-pif\/","title":{"rendered":"Sace considers USD 3 bn in additional backing for PIF"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Italy\u2019s s<\/strong><strong>tate export credit agency <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.sace.it\/en\" style=\"\" rel=\"noopener\">Sace<\/a><\/strong><strong> could double its backing for PIF-led projects<\/strong> with an additional USD 3 bn following a new MoU they signed yesterday, the PIF said in a <a target=\"_blank\" href=\"https:\/\/www.pif.gov.sa\/en\/news-and-insights\/press-releases\/2025\/pif-and-sace-sign-mou-for-up-to-3-billion-to-promote-italian-companies-engagement-in-saudi-arabia\/\" style=\"\" rel=\"noopener\">statement<\/a>. The MoU will see the two sides \u201ccooperate on sharing information and business expertise, with a focus on strategic sectors,\u201d in addition to considering the USD 3 bn funding provision from Sace, the statement says. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>The PIF recently secured <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/0926a1c2-949c-407d-82ac-875f06c8789b\/ma%25e2%2580%2599aden-kicks-off-usd-denominated-sukuk-%2B-al-rajhi-bank-participates-in-usd-400-mn-facility-for-afc#:~:text=The%20Public%20Investment%20Fund%20(PIF)%20is%20in%20talks%20with%20Italy%E2%80%99s%20state%20export%20credit%20agency%20Sace\" style=\"\" rel=\"noopener\">EUR 3 bn in loan guarantees<\/a> from Sace, which will be used to back a group of international banks that finance PIF companies. Italian Prime Minister Giorgia Meloni also visited the Kingdom in January, where she and Crown Prince and Prime Minister Mohammed bin Salman inked <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/d5d9c391-0fbf-45a4-94a5-2b3ba452bf30\/%253cmark%253e%253c%2Fmark%253eitaly%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eand%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eksa%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253esign%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eusd%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253e10%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253ebn%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253ein%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eagreements%253cmark%253e%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">USD 10 bn<\/a> worth of agreements. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Italian state export credit agency recently provided EUR 3 bn in loan guarantees to PIF<\/p>\n","protected":false},"author":1,"featured_media":95024,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2590],"tags":[57,10,1151,483],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-95023","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-debt-watch","tag-enterpriseam-ksa","tag-public-investment-fund-pif","tag-saudi-italy-relations","wpautop","entry"],"acf":{"mongo_id":"c6095f80-96ab-4b1f-8ccf-e7233d0467f4","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/3\/491.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Sace considers USD 3 bn in additional backing for the PIF","related_issue":[95013],"teaser":"The Italian state export credit agency recently provided EUR 3 bn in loan guarantees to PIF","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/3\/.1339eba2-0b68-4bb1-8fbd-93ed734695a4.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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