Italy’s Industry Minister, Adolfo Urso, has revealed that discussions are underway regarding collaborative investments between Italy and the Kingdom of Saudi Arabia across numerous strategic sectors.
According to Urso, both countries are actively exploring opportunities to strengthen their relationship and forge partnerships in various key sectors, including automotive, mining, oil and gas, defense, hydrogen, and space.
Read more: Saudi, Italy forge 21 agreements to boost trade and investment relations
Following a meeting with Khalid Al Saalem, president of the Royal Commission for Jubail & Yanbu, Urso said: “Italy and Saudi Arabia are committed to developing a regulatory and industrial framework which favors and accelerates the strategic autonomy in the critical raw material sector.”
“To this end, we explored with President Al Saleem the possibility of joint partnerships and investments particularly in the mining sector, both in our respective countries and other regions, such as the African continent.”
According to the Italian Industry Ministry, Urso presented Italy as a prospective European gas hub and a center for blue and green hydrogen, leveraging the infrastructure available at the port of Trieste in northeastern Italy.
Urso’s office said the Minister was accompanied by delegates from prominent Italian companies, including Marie Tecnimont and Prysmian, which have established business operations in Saudi Arabia.
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