Italian insurance-financial firm opens office in Singapore

The lion city is Italy's largest export goods destination in the region.

Italian Export Credit Agency and insurance-financial company, SACE, inaugurated its new office in Singapore.

“With its growing economy projected towards future-oriented sectors, Singapore emerges as a high-potential destination for Italian companies seeking opportunities in Indonesia, Malaysia, Vietnam, Philippines,” Michal Ron, Chief International Business Officer of SACE said in a press release.

“Our new Singapore office will manage more than S$8b worth of new Southeast Asian projects in the pipeline. We are ready to play a pivotal role in realising these projects, thereby facilitating the engagement of Italian companies and fostering their contributions to the market.” Ron added.

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The statement further added that Singapore, being Italy's largest export goods destination in the region, serves as a crucial gateway for Italian businesses.

The new Singapore office will serve as a strategic gateway to support enterprises in the region considering Italian suppliers across various sectors, leveraging Italy's expertise in high-quality machinery, renewable energy, and the green economy.