Cassa Depositi e Prestiti Signs Strategic Agreements in Riyadh
Deal News | Jan 27, 2025 | Cassa Depositi e Prestiti SpA
Cassa Depositi e Prestiti SpA (CDP) has reinforced its international relations by signing two strategic memoranda on January 26th in Riyadh, aimed at advancing projects in renewables and infrastructure. During a mission led by Italian Prime Minister Giorgia Meloni, CDP's CEO, Dario Scannapieco, forged alliances with Saudi Arabia's sovereign entities. The initial agreement, established with the Saudi Fund for Development, aims to jointly finance key sector projects such as agriculture, water management, and renewable energies. Another significant collaboration with ACWA Power focuses on joint ventures in Africa, particularly in the realms of renewables, water desalination, and green hydrogen. Additionally, Italian companies under CDP's purview, like Fincantieri, Snam, and Ansaldo Energia, reached crucial agreement with their Saudi peers to foster innovative projects in shipbuilding, cybersecurity, and energy sectors.
Sectors
- Renewable Energy
- Infrastructure & Development
Geography
- Saudi Arabia – The agreements and collaborations were made with Saudi Arabian entities and involve projects in Saudi Arabia and other regions.
- Italy – The agreements were part of a mission led by the Italian Prime Minister, and the key participant, Cassa Depositi e Prestiti, is an Italian entity.
Industry
- Renewable Energy – The article discusses agreements involving the development of renewable energy projects, including green hydrogen and sustainable infrastructure.
- Infrastructure & Development – The agreements pertain to infrastructure projects that include construction, water desalination, and energy initiatives.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Cassa Depositi e Prestiti SpA | Participant forging alliances and signing agreements | Company | An Italian public investment bank involved in promoting sustainable infrastructure and renewable energy projects. |
| Dario Scannapieco | CEO of Cassa Depositi e Prestiti | Person | CEO of CDP, instrumental in signing the agreements with Saudi partners. |
| Saudi Fund for Development | Partner for co-financing opportunities | Company | A Saudi government fund established to promote sustainable development projects globally. |
| ACWA Power | Partner for joint initiatives in energy and water | Company | A Saudi company specializing in plants for public services in the energy and water sectors. |
| Fincantieri | Participant in shipbuilding and cybersecurity agreements | Company | An Italian shipbuilding company reaching agreements for constructing vessels. |
| Snam | Participant in green hydrogen supply chain | Company | An energy infrastructure company involved in developing a European green hydrogen supply chain. |
| Ansaldo Energia | Participant in energy projects | Company | An energy company engaged in developing projects in Saudi Arabia and Africa. |