Economic relations between Saudi Arabia and Italy are entering a phase of notable expansion, supported by the large-scale investments tied to Saudi Arabia’s Vision 2030. The plan, valued at $8.1 trillion, is among the world’s largest investment programs, according to Matteo Zobas, head of the Italian Trade Agency.

Zobas said the scale of ongoing spending in the Kingdom is opening substantial opportunities for Italian companies, especially in infrastructure, energy, water technologies, and industrial equipment — sectors in which Italy has established technological strength.

 He added that Italy’s position as a leading producer of industrial machinery aligns with Saudi Arabia’s efforts to advance its local manufacturing base, alongside growing Saudi interest in Italian design, furniture, fashion, food, and automotive industries.

He noted that partnerships between the two countries are expanding as Italian expertise becomes increasingly relevant to Vision 2030 projects. Trade is also strengthening, with Italian exports to Saudi Arabia rising 21% in 2024 to exceed $6.9 billion. Pharmaceutical exports saw the sharpest growth, jumping more than 121% compared with the previous year.

Zobas also pointed out that Italy ranks second in Europe in furniture exports to Saudi Arabia, only slightly behind Germany. He said he expects greater alignment between government bodies and the private sector following the Saudi-Italian Investment and Business Forum, which he believes will help create a more conducive regulatory environment. 

Bringing producers and buyers together on a unified platform, he added, is likely to support the development of more direct and durable trade relationships.