Launch of the first Italian-Saudi investment forum

Sep 08, 2023

About the Italian-Saudi investment Forum

On 4 September 2023, a Memorandum of Understanding was signed between the Ministry of Enterprise and the Ministry of Investment of the Kingdom of Saudi Arabia, launching the first Italian-Saudi Investment Forum.

The memorandum of understanding aims to support dialogue between institutions and companies interested in promoting investments between the two countries and to encourage cooperation in direct investment, supporting investors at all stages of projects if they have been identified as having strategic economic importance for either country.

According to the announcement, around 1,200 companies took part in the event, including more than 150 Saudi Arabian companies, and among the Italian companies taking part in the forum were Eni, Snam, Cdp, Enel, Leonardo, WeBuild, Maire, Pirelli, Intesa Sanpaolo, UniCredit, Ita, Ansaldo Energia, Saipem, Invimit, and Fincantieri.

The Forum aims to enhance existing synergies, identify new development opportunities, and promote cooperation and dialogue between business leaders, institutions, and investors from the two countries.

This news was written by @Amal Sfar

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