The Saudi-Italian Round Table was held in Al-Ula Governor, Prime Minister of the Italian Republic, Mrs. Georgia Meloni, Minister of Investments. Private sector and major companies of both the countries.
The meeting dealt with a number of issues of common concern in key areas of cooperation, including: green energy, the car sector, infrastructure, tourism, agricultural products and Italian companies benefiting from Saudi inward investment, reaching Saudi 11.8 trillion. riyal during the next six years, in addition to discussing several opportunities to implement joint projects in areas such as solar energy, wind energy, sustainable tourism initiatives and advanced construction technologies.
The meeting highlighted the opportunities and skills to benefit from Italian experiences in heritage tourism and the contribution of Saudi Italian participation in advancing the development of sustainable tourism projects, opening wider horizons to opportunities for the private sector and enhancing the development of job opportunities. For, which dealt with the contribution of the Saudi Italian participation, accompanied, that is, by enhancing the development of job opportunities, in the light of existing plans in the tourism sector by the 2030 solution To provide 1.6 million job opportunities.
The meeting also saw the signing of 26 memoranda of understanding in a number of areas, including construction, renewable energy, cultural exchange and digital technologies; Its purpose is to emphasize the growing partnership between the State and the Republic of Italy.
It is noteworthy that the value of total Saudi exports to Italy in the year 2023 was 18.5 billion Saudi Riyals, and mainly included products such as: metals fuels and petrochemicals, while the value of imports from Italy was 22 billion Saudi Riyals; This reflects strong demand for Italian products, including machines, medicines and advanced engineering solutions. Which represents a 110% increase from the previous year, and reflects growing interest in sectors such as: advanced industries, manufacturing and renewable energy.