ASIATODAY.ID, ROME — The Kingdom of Saudi Arabia and Italy have taken a major step toward deepening their strategic economic partnership through the Saudi-Italian Business Forum held in Rome. Organized by the National Competitiveness Center (NCC), the high-level event brought together more than 200 leaders from the public and private sectors of both nations to explore new investment and trade opportunities.
In his opening remarks, Dr. Majid Al-Kassabi, Minister of Commerce and Chairman of the NCC, highlighted the Kingdom’s remarkable transformation under Saudi Vision 2030, launched by Crown Prince and Prime Minister Mohammed bin Salman bin Abdulaziz Al Saud. He revealed that Saudi Arabia has implemented over 900 regulatory and legislative reforms, driving a shift toward a dynamic, competitive, and globally connected economy.
“This vision has fundamentally reshaped our economic landscape and unlocked vast potential for international collaboration,” Al-Kassabi stated on October 23, 2025.
The forum was part of Al-Kassabi’s official visit to Italy, aimed at enhancing bilateral trade and investment relations. It was attended by Prince Faisal bin Sattam bin Abdulaziz Al Saud, the Saudi Ambassador to Italy, alongside senior Italian officials and business leaders.
Italian Confidence in Saudi Arabia’s Long-Term Potential
Valentino Valentini, Italy’s Deputy Minister of Enterprise and Made in Italy, underscored the participation of 133 Italian companies as a testament to Italy’s long-term strategic confidence in the Kingdom’s economic future. He emphasized that the cooperation aligns with Italy’s commitment to innovation, sustainability, and global partnerships.
Similarly, Giorgio Silli, Undersecretary of State for Foreign Affairs and International Cooperation, noted that the growing Saudi-Italian partnership reflects “a shared vision for a promising future built on quality, trust, and mutual innovation.”
During the forum, Dr. Eiman Al-Mutairi, Vice Minister of Commerce and CEO of NCC, presented recent competitiveness reforms and emerging investment opportunities in key Saudi sectors such as tourism, architecture, fashion, retail, and mobility.
A highlight of the event was a presentation on “Corporate Governance in Saudi Arabia”, followed by five specialized panel discussions focused on sectoral collaboration and innovation.
The forum also showcased several ongoing partnerships between leading Saudi and Italian enterprises, reinforcing the momentum of joint ventures and industrial cooperation.
Saudi Vision 2030 Driving Global Business Connectivity
The Saudi delegation included senior officials from the Ministries of Commerce, Investment, and Industry and Mineral Resources, as well as representatives from the Public Investment Fund (PIF), Saudi Red Sea Authority, Architecture and Design Commission, Fashion Commission, and the E-commerce Council.
By connecting creative Italian industries with Saudi Arabia’s ambitious Vision 2030 agenda, the forum underscored a shared commitment to innovation-driven growth, sustainable investment, and cross-cultural collaboration. (SPA)
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