His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, met with Her Excellency Giorgia Meloni, Prime Minister of the Republic of Italy, in a high-level meeting aimed at strengthening bilateral cooperation between the two friendly countries. This meeting reaffirms the depth of Saudi-Italian relations and the desire of both sides to expand them to broader horizons in various political, economic, and investment fields.
Strengthening economic and investment cooperation
The meeting included a comprehensive review of opportunities for joint development, exploring ways to enhance the economic partnership in light of the promising opportunities offered by the Kingdom's Vision 2030. Italy is a key trading partner for Saudi Arabia in Europe, and the Kingdom seeks to attract Italy's extensive expertise in the industrial, fashion, tourism, and renewable energy sectors. Both sides discussed the importance of activating the Saudi-Italian Strategic Partnership Council to accelerate progress on joint projects and increase the volume of trade, which has witnessed remarkable growth in recent years.
The depth of historical relations between Riyadh and Rome
This meeting is not a fleeting event, but rather a link in a long chain of diplomatic relations spanning more than ninety years. Italy was among the first countries to recognize the Kingdom of Saudi Arabia and establish diplomatic relations with it in 1932. Over the decades, these relations have been characterized by mutual respect and continuous coordination in international forums. This historical legacy rests on a solid foundation of shared interests and converging visions regarding numerous regional and international issues.
The importance of the meeting and its regional and international impact
This meeting is of particular importance given the geopolitical and economic challenges facing the world, as both Saudi Arabia and Italy play pivotal roles in the stability of the Middle East and the Mediterranean region. Discussions focused on the importance of coordinating efforts to enhance international peace and security, as well as addressing energy issues and security of supply. Saudi Arabia is a reliable global energy supplier, while Italy plays a vital role as an energy hub in Southern Europe.
Future prospects and innovation
The discussions also focused on innovation and technology, with the Kingdom seeking to benefit from Italy's experience in defense industries and advanced technologies, as well as cooperation in the cultural field and heritage preservation, particularly given the significant similarities in the rich cultural heritage of both countries. This meeting underscores the commitment of the leadership in both countries to move forward in building a sustainable strategic partnership that serves the interests of both friendly nations and contributes to global prosperity.
