PRESS RELEASE
SACE: FOUR INITIATIVES RECEIVE
INTERNATIONAL AWARDS FROM
TRADE FINANCE MAGAZINE AND GLOBAL TRADE REVIEW

SACE initiatives received four “Deals of the Year” awards from Trade Finance Magazine
and two Best Deals 2014 from Global Trade Review: a power plant in Cairo, two large
refineries in Turkey and Oman, and the International Superjet aeronautical project
between Italy, France and Russia

Successes of the country system, with Italian companies in the leading roles, supported
by SMEs
Rome/London 30 April 2015 - SACE is pleased to announce that four initiatives financed with
the help of SACE were winners of the 2014 editions of the “Deals of the Year” of Trade Finance
Magazine and "Best Deals” of Global Trade Review, two competitions held each year by the two
international industry magazines.
The winning deals were project finance operations related to the "6 October” Power Station in
Egypt, built on behalf of the Egyptian Electricity Holding Company (EEHC) by Ansaldo Energy
and several other Italian companies; the “Sohar” refinery in Oman, built for the Omani
petrochemical group ORPIC by various Italian companies; the “STAR” refinery in Turkey, built
by Saipem and various other Italian companies; and an export finance initiative “Superjet
International” to support the sales of Sukhoi Superjet aircraft built with technology from Italy's
Alenia Aermacchi and Russian and French companies.
The awards, based on criteria like complexity, strategic importance, project level of the projects,
and the opinion of the magazines' readership, are an indication of the export & trade finance
market's appreciation of the competitiveness of SACE and the Italian companies participating in
the projects: major recognition of their ability to form systems and position themselves with
success in major strategic projects in high-potential markets, characterized by complex
operating environments like Egypt, Oman, Turkey and Mexico.

“STAR” Refinery (Turkey) – project honored by both Trade Finance Magazine and Global
Trade Review, in which SACE guaranteed a € 400 million loan to finance the supply
contracts assigned to 50 Italian companies including Saipem. The total value of the project
is 4.4 billion dollars for a greenfield refinery built on project finance in the vicinity of Izmir to
reduce Turkey's dependence on imported refined products.

“6 October” Power Station (Egypt) – project recognized by Trade Finance for the
construction of an electric power plant in the district of Giza, near Cairo, in which SACE
guaranteed a € 210 million loan issued by an international pool of banks to sustain the
contract awarded to Ansaldo Energy by the Egyptian Electricity Holding Company (EEHC)
to double the energy generation capacity of the facility and respond to the country's growing
demand for energy.
SACE offers export credit, credit assurance, foreign investment protection services, financial guarantees, sureties
and factoring. With operations worth €74 billion assured in 189 countries, the SACE Group supports the
competitiveness of Italian and foreign businesses, guaranteeing more stable cash flows and transforming enterprise
insolvency risks into development opportunities.

“Sohar” Refinery (Oman) – project selected by Trade Finance in which SACE guaranteed
a 100 million dollar loan from HSBC in favor of ORPIC, petrochemical group of the Omani
Government, to support the supplies of Italian companies to increase the refinery’s output by
70% and meet the growing domestic requirement for petroleum products.

“Sukhoi Superjet” aircraft (Mexico) – project honored by Global Trade Review in which
SACE, together with Coface and Vnesheconombank, guaranteed a loan to support the sale
of Sukhoi Superjet SSJ100 aircraft to the Mexican airline Interjet. The SSJ100 is a 100-seat
regional jet developed with Russian, French and Italian technology and structure and
completed with interiors by Italy's Pininfarina.
The portfolio of initiatives insured in favor of the commercial and investment activities of Italian
companies in 2014 reached € 74.4 billion, the highest level in the history of SACE, which also
reported net earnings of € 471 million this year (+36%).
Contacts
Press Office
Tel. +39 06 6736888
[email protected]
Head of Communications
Marco Battaglia
Tel. +39 335 5868088
Email: [email protected]
2
Senior Press Officer
Maddalena Cavadini
Tel. +39 06 6736448
Email: [email protected]