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Sace backs €5.5mn UAE deal

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Italian export credit agency Sace is backing a €5.5mn export deal, to the United Arab Emirates, for pumps and dredges manufacturer Dragflow.

Sace is covering 100% of the loan in the form of an export guarantee, a spokesperson for the ECA tells GTR.

Italian company Dragflow will export dredging machinery to Dubai, which will be used for work in various sites along coastal areas. Dragflow’s pumps and dredges can be used in deep water.

Sace’s help has meant that the company is able to offer competitive payment conditions to its Emirate customers, says Dragflow’s sales manager Nicola Masotti.

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