Saudi Arabia & Italy Seal USD 10 Billion Cooperation Deals
Crown Prince Mohammed bin Salman and Prime Minister Meloni signed an agreement to boost cooperation in defense and tourism.
Saudi Arabia and Italy have signed agreements worth USD 10 billion during a high-level meeting between Saudi Crown Prince Mohammed bin Salman and Italian Prime Minister Giorgia Meloni in AlUla.
The agreements encompass cooperation across multiple sectors, including infrastructure, energy, defense, tourism, sport and entertainment. The deals aim to enhance bilateral ties and expand opportunities for both nations, reflecting a shared commitment to strengthening economic and industrial collaboration.
In addition to fostering trade and investment, discussions between the Crown Prince and the Italian Prime Minister addressed pressing global and regional issues. Topics included advancing peace efforts in Ukraine, bolstering the ceasefire in Gaza, supporting reconstruction in Syria, and aiding Lebanon.
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