Saudi Arabia, Italy agree to set up business council

The Kingdom of Saudi Arabia and Italy have signed a Memorandum of understanding (MoU) to set up a business council between the two countries.
Saudi and Italian representatives from the private sector, reports say, discussed investment opportunities in the fields of finance, infrastructure and mobility, tourism and culture, and renewable energy during the Saudi-Italian Investment Forum.
The General Confederation of Italian Industry also reportedly signed a MoU with the Federation of Saudi Chambers of Commerce with the aim of boosting bilateral business relations.
In a separate deal, Saudi Arabia’s advanced technology solutions provider ‘WE ENERGY’ and Italy’s Officine Nicola Galperti e Figlio agreed to cooperate in the field of forging and flange manufacturing.

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