Saudi Arabia, Italy sign investment agreement worth SAR 1 bln

09/09/2023 Argaam

Saudi Arabia, Italy sign investment agreement worth SAR 1 bln

The signing of the agreement

 

Saudi Arabia's Ministry of Investment, Italy's GKSD Holding, and King Saud University Medical City signed a tripartite memorandum of understanding (MoU) to boost the healthcare sector.

 

The MoU, signed during the Italian-Saudi Investment Forum, is estimated at SAR 1 billion, the Ministry of Investment said in a tweet on "X" platform (formerly Twitter).

 

The forum also witnessed the signing of 21 agreements between Saudi Arabia and Italy in the fields of energy, clean energy, healthcare, real estate, waste management, technology, manufacturing, etc. The deals aim to enhance trade exchange as well as development of commercial, industrial and investment ties.

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