Saudi Arabia, Italy sign 26 MoUs in diverse fields

Italian Prime Minister Giorgia Meloni and Saudi Minister of Investment Khalid Al-Falih convened a high-level roundtable meeting in AlUla Governorate.

At the meeting 26 memorandums of understanding (MoUs) were signed in several fields, including construction, renewable energy, cultural exchange, and digital technologies. These agreements underscore the burgeoning partnership between the Kingdom of Saudi Arabia and the Republic of Italy, Saudi Press Agency reported.

The meeting also explored collaborative prospects in green energy, the automotive sector, infrastructure, tourism, agricultural products, and Italian companies benefiting from Saudi domestic investments, in addition to discussing many opportunities to implement joint projects in areas such as solar energy, wind energy, sustainable tourism initiatives, and advanced construction technologies.

It recognized the potential of Italian expertise in heritage tourism to drive the development of skills and sustainable tourism projects in Saudi Arabia. This collaboration is expected to create significant opportunities for the private sector and stimulate job growth.