Saudi-Italian Business Forum in Turin: Strengthening Economic Partnerships

Saudi-Italian Business Forum in Turin: Strengthening Economic Cooperation

The Saudi-Italian Business Forum concluded in Turin, bringing together officials, business leaders, and experts to discuss investment opportunities, economic development, and strategic collaboration.

Industrial Excellence and Saudi Market Potential

Cristina Tumiatti, Vice President of Piccola Industria Unione Industriali Torino, highlighted the strategic potential of the Saudi market and shared her first-hand experience of the Kingdom’s economic transformation.

“Our initiatives promote targeted investments and sustainable digital manufacturing for Italian companies entering the Saudi market,” said Tumiatti.

Innovation, Energy, and Sustainability

Waleed Al-Rubaie, GM of Petrochemicals at the Ministry of Investment, emphasized the need for international cooperation and Saudi Arabia’s commitment to green initiatives.

Marco Osnato, President of the Bilateral Friendship Section UIP Italy-Saudi Arabia, stressed the importance of political dialogue and economic partnerships, with Italy positioned as a key player in the hydrogen supply chain.

Sports, Tourism, and Economic Growth

Fahad Al-Subaie, Director of Clubs Investment at the Ministry of Sports, highlighted the connection between sports and economic development, targeting a 3% GDP contribution by 2030 and approximately 200,000 jobs, while referencing the success of World Cup 2024.

Investments and Vision 2030

Sara Al-Faiez, Senior Manager at Invest Saudi, presented investment opportunities, emphasizing Saudi Arabia’s strategic location as a global hub and key sectors aligned with Vision 2030.

Conclusion

The forum reaffirmed the commitment of Italy and Saudi Arabia to strengthen economic cooperation, creating strategic partnerships and shared projects to navigate challenges in a shifting