Middle East Economic Survey


No 52



SACE Notes 2010 Decline In Italian Exports To Middle East

Italian state-owned export credit agency SACE announced on 20 December that the countrys exports to the Middle East declined during 2010 due to the bursting of the bubble in the regions real estate sector. SACE said that exports to the Middle East fell by 2% but are expected to recover during the next two years with an increase of around 5.8%. Saudi Arabia is the main...