Italy-Saudi Arabia agreements: the forum of 4 September confirms the possibility of new investments
Milano welcomes leaders and institutions for the first forum dedicated to new international investments.
The diplomatic relationship between Italy and Saudi Arabia has historical roots, dating back to the foundation of the kingdom in 1932.
Saudi Arabia is the second largest market forItalian export to the Middle East, while Italy is the second trading partner among the European Union countries for the latter.
Over the last year, relations between the two countries on a political, economic and commercial level have been confirmed.
On September 4th it was held in Milano, Italian-Saudi forum on investments, the invitation and organization of the event were proposed by the Ministry of Business and Made in Italy. The objective is to promote investments and bilateral trade between the two countries, confirming the relationships built over the last 90 years.
The invitation was open to companies, which were able to participate free of charge by previously expressing their interest. In all they agreed 1.200 companies, of which 500 in person and 700 remotely.
The first Italian-Saudi forum focused on increasing cooperation by encouraging new investments.
Present Saudi minister Al-Falih, who publicly invited the Minister Urso in order to continue on the wave of cooperation started in the last year.
Minister Urso declared that the intent is to structure a “logic of collaboration between the two countries and of including Africa in the development of the Middle East part of the Saudi Arabian peninsula”.
The forum was attended by the deputy minister of Business and Made in Italy, Valentino Valentini, and the mayor of Milano, Giuseppe Sala, the Saudi Ambassador to Italy, Prince Faisal Bin Salman, the head of investor relations of the Saudi government, Badr Albadr.
In addition to political institutions, there was no shortage of Italian companies such as: Eni, Snam, Cdp, Enel, Leonardo, WeBuild, Maire, Pirelli, Intesa Sanpaolo, UniCredit, Ita, Ansaldo Energia, Saipem, Invimit.
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