CDP and SIMEST signed an MoU with the Joint Italian Arab Chamber of Commerce to promote cooperation between Italian and Arab companies, facilitate market access and support exports
An Italy-Expo 2030 task force has been established, made up of CDP, SIMEST, ICE and SACE and coordinated by the Embassy, to foster collaboration opportunities ahead of the international event in Riyadh
Promoting cooperation between Italian companies and those in Arab countries, facilitating entry into the region’s markets, supporting exports and processes of international expansion. These are the objectives of the Memorandum of Understanding signed in Riyadh during the Italy-Saudi Arabia Business Forum on 25 November, by CDP, SIMEST and the Joint Italian Arab Chamber of Commerce (JIACC).
The agreement aims to create a structured channel for cooperation, supporting the exchange of information, the sharing of best practices and the organisation of joint initiatives to identify investment opportunities in the sectors most relevant to bilateral growth. Particular attention will be devoted to SMEs, with actions targeted to strengthen their competitiveness and facilitate access to the available financial instruments, as well as the promotion of business matching and networking events, both in Italy and in Saudi Arabia, to consolidate dialogue between the business communities.
In the context of the Forum, a joint declaration was also signed between the Italian Embassy in Riyadh and Expo Riyadh 2030 to establish a task force dedicated to Italian companies, made up of CDP, SIMEST, ICE and SACE and coordinated by the Embassy. The group will be responsible for supporting dialogue with Expo Riyadh 2030 and promoting opportunities for collaboration ahead of the international event. The initiative stems from the aim of ensuring a direct communication channel between Italian institutions and the Expo organisation, facilitating the exchange of information on procedures and participation methods. The task force will act as a point of reference for Italian companies interested in contributing to the success of Expo 2030, showcasing the technological, infrastructural and service excellence of products Made in Italy and promoting technical meetings, regular updates and joint initiatives to strengthen Italy’s role in one of the region’s most strategic events.
The Forum brought together over 900 companies in various panels divided by strategic sector and concluded with a plenary session attended by Minister Antonio Tajani and the Saudi Minister E. Khalid A. Al-Falih. During the meeting, tools to support companies interested in the Gulf market were presented, ranging from financial instruments for export and international expansion to support tools such as business matching, which will soon be launched in the Saudi Kingdom.