Saudi-Italian investments surge on Vision 2030 drive
Growing collaboration under Saudi Arabia’s Vision 2030 creates new opportunities for Italian companies across infrastructure, energy, and industry
RIYADH, Saudi Arabia (MNTV) — Economic ties between Saudi Arabia and Italy are entering a dynamic expansion phase, fueled by Vision 2030 projects estimated at $8.1 trillion, according to Matteo Zobas, head of the Italian Trade Agency.
Speaking at the Saudi-Italian Investment and Business Forum, Zobas highlighted that these massive investments offer Italian companies opportunities in infrastructure, energy, water technologies, and industrial equipment, where Italy has advanced expertise and technology.
Italy’s industrial machinery sector plays a key role in production, processing, and packaging, supporting Saudi Arabia’s push to strengthen local manufacturing.
Other areas of Italian strength—design, furniture, fashion, food, and automotive—are also gaining traction in the Saudi market.
Trade between the two countries has grown rapidly, with Italian exports to Saudi Arabia rising 21 percent in 2024 to over €6 billion. The pharmaceutical sector saw the fastest growth, surging more than 121 percent compared to the previous year.
Zobas noted that Italy ranks second in European furniture exports to Saudi Arabia, after Germany, reflecting deepening commercial ties.
He emphasized that the forum fosters greater convergence between governments and businesses, helping create a regulatory framework conducive to long-term trade and investment growth.
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