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Saudi Arabia, Italy sign a partnership agreement to invest in the iron sector

Saudi Arabia, Italy sign a partnership agreement to invest in the steel sector

The Saudi Ministry of Investment announced the signing of an agreement in the energy sector between “We Energy Ltd.” and “Officini Nicola Galberti,” to create a partnership for local investment in iron refining and flange production.

The Saudi-Italian Investment Forum was officially started on Monday in the presence of Italian Minister of Foreign Affairs and International Cooperation Luigi Di Maio and Saudi Finance Minister Mohammed Al-Jadaan.

The purpose of this event is to examine and discuss a variety of investment prospects between the two countries.

The Federation of Saudi Chambers and the General Federation of Italian Industry signed a memorandum of understanding at the forum to improve their cooperation.

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