Riyadh - Sharikat Mubasher: Saudi Arabia emerged as a global investment destination, driven by Vision 2030 and the government’s push for economic diversification, improved regulations, and investment incentives. This has attracted numerous foreign investors across various sectors, such as technology, tourism, renewable energy, and more.

During the Saudi-Italian Business Forum, an Italian business federation representing 7,000 companies announced its plans to collaborate with Saudi investors to expand Italian investments in the Kingdom.

The event was held at the Saudi Chambers Federation in the presence of the Italian Ambassador to Saudi Arabia, Carlo Baldocchi, and representatives of more than 140 companies and officials from both countries, as reported by the Saudi Press Agency (SPA).

Attilio Fontana, President of the Lombardy Regional Government, stated that the visit aims to reinforce the role of Italian expertise in Saudi investments, scientific collaboration, and cultural exchange while committing to provide incentives for Saudi investors.

For his part, Kamel Al-Munajjed, Chairman of the Saudi-Italian Business Council, revealed that cooperation in logistics, infrastructure development, and digital technologies could create significant opportunities for Italian investors.

Lombardy is a financial and industrial powerhouse that attracts global investments in sectors like automotive, aerospace, life sciences, biotechnology, artificial intelligence, and advanced technologies.