The National Debt Management Center (NDMC) announces it has finalized the arrangement of financing worth (1) billion euros through the Italian Export Credit Agency (SACE) on Wednesday, the 20th of 2023.

This financing comes as part of the framework to strengthen the commercial and investment relations between the two countries and to capitalize on available financing channels for government projects in alignment with Saudi Vision 2030.

It's worth mentioning that this financing was provided by a number of international banks and aims to finance development and infrastructure projects related to Saudi Vision 2030. This is the third financing of its kind after the first two provided by financial institutions through two other export credit agencies.​