Newly signed Saudi-Italian agreement to create greater access for businesess
- The Memorandum of Understanding was signed by the Federation of Saudi Chambers of Commerce and Cassa Depositi e Prestiti to improve market access for businesses in both countries.
- Trade between Saudi Arabia and Italy stood at $12 billion by 2025, indicating strong economic ties.
- Key sectors of focus include infrastructure, telecommunication, digital infrastructure, and tourism, as identified in discussions between the two countries.
- Over 100 Italian startups currently operate in Saudi Arabia, with plans to encourage joint ventures to bolster the local entrepreneurial ecosystem.
