SACE secured 100 million of funding from Intesa Sanpaolo Group and ING A.Ş. in favor of the Istanbul Metropolitan Municipality (IMM), the largest of the thirty metropolitan municipalities and the main economic and financial center of Turkey.
The credit line will contribute to the financing of the 2,75 billion investment plan of IMM for the construction of infrastructure projects in the city of Istanbul, including the construction of the Eminönü-Alibeyköy metro line.
The transaction is the first in the broader framework of an increasingly proactive approach ("Push Strategy") introduced in the new SACE Industrial Plan, aimed at facilitating and enhancing the competitiveness of Italian exports to selected foreign buyers.
With the aim of facilitating the assignment of orders to Italian exporters, in the coming weeks, a meeting will be held at the headquarters of SACE in Milan with a meeting between IMM and Italian companies, in particular SMEs, interested in working with the Turkish counterpart .
Turkey, where SACE is present with its own office in Istanbul, confirms a prime market for Italian exports, which in 2016 has reached the country 9,6 billion and which, according to SACE's forecasts, will grow by 3,8% average yearly to 2020.