Latest news with #Saudi-Italian
Leaders
07-05-2025
- Business
- Leaders
Transport Minister Wraps Up Italy Visit with Emphasis on Investment Opportunities
Saudi Arabia's Minister of Transport and Logistic Services, Saleh Al-Jasser, has concluded an official visit to Italy, accompanied by a delegation representing the Kingdom's transport and logistics sectors. The visit was aimed at strengthening economic ties and expanding investment cooperation between the two nations. Al-Jasser led the Saudi delegation during a Saudi-Italian roundtable that brought together key figures from both government and private sectors. Discussions centered on advancing partnerships and exploring investment prospects aligned with Saudi Arabia's National Transport and Logistics Strategy. Throughout the visit, the minister held meetings with public and private sector leaders to foster collaboration in the fields of transport and logistics and to deepen bilateral economic relations. He also toured Italian companies and government institutions specializing in luxury rail systems and smart road technologies, where he examined cutting-edge innovations and discussed potential areas of collaboration. The trip aimed to create new avenues for economic growth and development while encouraging Italian private-sector firms to seize emerging opportunities through increased foreign direct investment in Saudi Arabia. Related Topics : Saudi Crown Prince, Italy's PM Exchange Views on Multiple Issues Saudi Arabia, Italy Seal $3 Billion Deal to Boost Economic Ties Italy Withdraws from China's Belt, Road Initiative Saudi Arabia participates for the second time, at the 17th International Architecture Exhibition in Italy Short link : Post Views: 58 Related Stories
Arab News
27-04-2025
- Business
- Arab News
Industrial transformation and sustainable energy top agenda as Saudi delegation visits Italy
MILAN: A sizable Saudi delegation is visiting Italy to discuss collaboration in industrial transformation and sustainable energy. The visit marks the launch of a series of Saudi-Italian business forums aimed at enhancing economic, investment, and trade partnerships between the two nations. During the delegation's initial meeting, Kamel Al-Munajjed, chairman of the Saudi-Italian Business Council, announced that the visit, which starts on Monday and ends on Wednesday, is organized by the Saudi-Italian Business Council, the Ministry of Investment, and the Saudi embassy in Rome, in partnership with Italian institutions. Al-Munajjed said that this delegation is the largest Saudi business mission to Italy to date, comprising 100 participants, including more than 20 representatives from ministries and government agencies, alongside executive leaders from the private sector across various fields including renewable energy, advanced manufacturing, logistics, tourism, food, agriculture, real estate, healthcare, and modern technologies. He noted that the three forums will address contemporary topics in the knowledge economy, such as industrial transformation, sustainable energy, smart cities, innovation, and supply chain dynamics, in addition to bilateral meetings and site visits to prominent Italian companies and projects. The forums commenced with the inaugural Saudi-Italian Business Forum in Milan on Monday, followed by a joint forum with CNA (the Italian Confederation of Craft Trades and Small- and Medium-Sized Enterprises) on Tuesday, and a third forum with Unione Industriali (Federation of Industrialists) at the Centro Congressi in Turin on Wednesday. The Saudi delegation includes various business leaders, among them Abeer Al-Ghamdi, Founder and CEO of Hayyak Arabia Travel and Tourism. 'We're in Italy with the goal of attracting more visitors to the Kingdom of Saudi Arabia, showcasing it as a premier destination,' Al-Ghamdi told Arab News. 'Our focus is on managing tourist destinations and providing quality programs that reflect Saudi culture and diversity, creating unforgettable experiences for every visitor,' he added. Yousef Maimani, a board member of the Saudi-Italian Business Council, emphasized the strategic partnership between Saudi Arabia and Italy. 'We signed our first cooperation agreement in 1932, and two years ago, we celebrated 90 years of Saudi-Italian relations. Our agreements, including those on double taxation and investment protection, play a crucial role in supporting investments. Given Italy's industrial capacity, we aim to attract investments, especially in the industrial sector,' he told Arab News. Maimani also highlighted the importance of local content policies for government and major projects, noting significant opportunities for Italian firms to contribute to Saudi Arabia's development. He shared that Saudi Arabia has successfully attracted $96 billion in foreign investments, underscoring the potential for collaboration between family-owned and medium-sized enterprises in both countries. Luca Barbi, General Partner and Chief Operating Officer of venture capital firm STV, also expressed optimism about the synergy between Saudi Arabia and Italy. 'Both countries share a similar mindset, and Italy's developed capabilities can significantly benefit Saudi Arabia's dynamic market, offering vast opportunities across various sectors," he said.
Trade Arabia
04-02-2025
- Business
- Trade Arabia
De Nora inks collaboration, research deals with Saudi groups
De Nora, an Italian multinational company specializing in electrochemistry and a leader in sustainable technologies and the emerging green hydrogen industry, has signed collaboration and research contracts with Saudi utility major Acwa Power and Saudi Water Authority. Signed during bilateral meetings between Italy and the Kingdom of Saudi Arabia, these strategic agreements involving De Nora are aimed at boosting the circular economy, innovation, and energy transition, thus contributing to Saudi Arabia's Vision and achieving the 2030 goals. The first agreement with Acwa Power - a Saudi giant in the desalination and energy sector that includes green hydrogen - involves studying, developing, and applying innovative technologies to improve the efficiency of water treatment systems, said De Nora in a statement. Specifically, Acwa Power, a publicly traded company, will focus on solutions to optimize the desalination process and reduce environmental impact, it stated. The second agreement is with the Saudi Water Authority, the government agency that regulates and oversees the water sector in Saudi Arabia. This collaborative project involves the provision of three pilot plants: the first dedicated to increasing the efficiency of chlorine dioxide for water disinfection, the second to study the treatment of PFAS (per- and polyfluoroalkyl substances), and the third pilot to investigate innovative solutions for the recovery of hydrogen emitted from electrochlorination systems, thus contributing to energy efficiency and sustainability. These agreements fit perfectly within De Nora's strategy to foster the global energy transition, circular economy processes, technological innovation and strengthen its presence in international markets, in line with the goals of sustainable development and technological innovation required by Saudi Arabia's Vision 2030, said a top official. "We proudly announce the signing of these important collaboration agreements with two leading companies in Saudi Arabia, contributing to the realization of the country's Vision 2030," remarked Paolo Dellachà, CEO of De Nora. "It was an honour to represent De Nora and participate in the Saudi-Italian round table organized in Al Ula in the presence of Prime Minister Giorgia Meloni and Saudi and Italian representatives.
Mid East Info
27-01-2025
- Business
- Mid East Info
Saudi Arabia and Italy strengthen ties at AlUla roundtable - Middle East Business News and Information
Italian Prime Minister Giorgia Meloni's visit sees 26 MOUs signed across key sectors. Riyadh, Kingdom of Saudi Arabia –January 2025 – A Saudi-Italian high-level roundtable took place in AlUla yesterday, with the participation of Italian Prime Minister Giorgia Meloni, Minister of Investment Khalid Al-Falih, CEOs, private sector leaders, and representatives from major companies of both countries. The meeting highlighted the expanding partnership between the two countries and resulted in the signing of 26 memoranda of understanding across key industries, including construction, renewable energy, cultural exchange, and advanced technologies. Discussions also explored collaborative prospects in green energy, automotive manufacturing, infrastructure development, tourism, agrifood, solar and wind energy projects, sustainable tourism initiatives, and advanced construction technologies. Italian businesses highlighted their aim to capitalize on an estimated SAR11.8 trillion in Saudi inward investment over the next six years. Heritage tourism was also a key focus, with participants highlighting Italy's expertise and Saudi Arabia's ambition to become a leading global travel destination. As the Kingdom plans to create 1.6 million tourism jobs by 2030, Saudi-Italian partnerships are poised to drive skills development, promote sustainable tourism, and expand opportunities in the private sector. In 2023, Saudi exports to Italy reached SAR18.5 billion, driven primarily by mineral fuels and petrochemicals, while imports from Italy totaled SAR22 billion, reflecting strong demand for Italian products such as machinery, pharmaceuticals, and advanced engineering solutions. In 2024, 63 investment licenses were granted to Italian firms in the Kingdom—an increase of 110% over the previous year—underscoring the rising Italian interest in advanced manufacturing, construction, and renewable energy.
Zawya
27-01-2025
- Business
- Zawya
Saudi Arabia and Italy sign 26 deals for expanding partnership
ALULA — Saudi Arabia and Italy have signed 26 memoranda of understanding (MoUs) for expanding partnership across key industries, including construction, renewable energy, cultural exchange, and advanced technologies. The MoUs were signed during the Saudi-Italian high-level roundtable meeting, with the participation of Italian Prime Minister Giorgia Meloni, Minister of Investment Khalid Al-Falih, CEOs, private sector leaders, and representatives from major companies of both countries in AlUla on Sunday. During the meeting, Italian businesses highlighted their aim to capitalize on an estimated SR11.8 trillion in Saudi inward investment over the next six years. The meeting also explored collaborative prospects in green energy, automotive manufacturing, infrastructure development, tourism, agrifood, solar and wind energy projects, sustainable tourism initiatives, and advanced construction technologies. Heritage tourism was also a key focus, with participants highlighting Italy's expertise and Saudi Arabia's ambition to become a leading global travel destination. As the Kingdom plans to create 1.6 million tourism jobs by 2030, Saudi-Italian partnerships are poised to drive skills development, promote sustainable tourism, and expand opportunities in the private sector. In 2023, Saudi exports to Italy reached SR18.5 billion, driven primarily by mineral fuels and petrochemicals, while imports from Italy totaled SR22 billion, reflecting strong demand for Italian products such as machinery, pharmaceuticals, and advanced engineering solutions. In 2024, 63 investment licenses were granted to Italian firms in the Kingdom—an increase of 110 percent over the previous year—underscoring the rising Italian interest in advanced manufacturing, construction, and renewable energy. On the second day of her visit to AlUla, Italian Prime Minister Meloni visited on Monday the Hegra archaeological site in AlUla. During the visit, she was accompanied by Emir of Madinah Region Prince Salman bin Sultan, Minister of Commerce Majed Al-Qasabi, Acting CEO of the Royal Commission for AlUla Abeer AlAkel, and several officials from both Saudi Arabia and Italy. The visit to Hegra, Saudi Arabia's first UNESCO World Heritage site, featured key archaeological and historical landmarks, including Qasr Al-Farid and other sites. Later on the day, Meloni left AlUla, marking the conclusion of her visit to Saudi Arabia. She was seen off at AlUla International Airport by Emir of Madinah Prince Salman bin Sultan, Minister of Commerce Majed Al-Qasabi and several other officials. © Copyright 2022 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (
