Mr. Bert Bruning, the Managing Director of Atradius Dutch State Business N.V. (Atradius) – one of the leading Export Credit agencies in the world – paid a business visit to the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) in Jeddah, Saudi Arabia on April 13, 2015. The visit was a good opportunity for the two institutions to exchange ideas on enhancing the cooperation between them in order to support business between the Netherlands and ICIEC’s member countries. Atradius and ICIEC have already covered jointly projects in the last two years for over USD 2 billion, where ICIEC has reinsured Atradius for over USD 500 million. In particular, infrastructure related projects in Saudi Arabia and Egypt with high developmental impact have benefited from the ICIEC-Atradius partnership. The two institutions intend to continue this cooperation for the benefit of projects in other member countries in the near future.

Bert Bruning, Managing Director of Atradius states: “Atradius Dutch State Business is very pleased to cooperate with its strategic partner ICIEC to support projects that Dutch companies undertake in ICIEC’s member countries. The broad knowledge and experience of ICIEC is an important and valuable element of our ability to support such large transactions.”