Italy, 10 billion USD agreement with Saudi Arabia - Aims to strengthen partnership in infrastructure, energy, defense
Italy has signed cooperation and industrial agreements worth around $10 billion with Saudi Arabia, as part of a strengthened strategic partnership between the two countries, Italian Prime Minister Giorgia Meloni said.
Meloni met with Saudi Crown Prince Mohammed bin Salman in Al-Ula earlier in the day.
"There is great potential in our cooperation and my wish is that this visit opens a completely new phase in our partnership," the Italian leader said. "The joint declaration we signed today declares that our two nations can broaden their horizons and explore many new opportunities together," she added.
Meloni stressed that Italy and Saudi Arabia had signed "many agreements at the government level, but also memorandums of support signed by public and private entities during the visit."
She cited infrastructure, energy, defense, sports, entertainment, and tourism as areas where cooperation between the two countries could become “stronger, more effective, and deeper.” The leaders spoke about the energy transition and joint initiatives to promote sustainable progress in Africa, including the development of data centers.
During their meeting, Meloni and Mohammed bin Salman also discussed a "just and lasting peace in Ukraine," strengthening the ceasefire in Gaza, supporting reconstruction efforts in Syria and assisting Lebanon, the Italian prime minister's office said in a statement.
Poll
Illegal constructions "flourished" last year as well - Zhllima: The highest cases are recorded in rural areas
Private houses, additional floors or buildings for financial gain, 1076 cases of illegal construction were recorded last year. According to data from the......
Hungary withdraws veto threat against Russia - EU agrees to reinstate new sanctions!
The Russian Defense Ministry claimed on Sunday that its forces had captured Velyka Novosilka, a town in eastern Ukraine's Donetsk region. The town is a key......
The Law on Strategic Investments is postponed for 2 years - Debates/ DP MPs, against. Pëllumbi: In 2026, the law will be ready with EU assistance
The effects of the law "On strategic investments" will be postponed by 2 years. The Committee on Productive Activities has approved the draft law of......
New National Library with 0 budget costs - Call for project ideas until February 10
"The call for the National Library project is open, and the project will be developed near the Tirana Artificial Lake Park, next to the National Children's......
"Implement a tax on small businesses" - IMF: More revenue, accelerate property tax reform
The International Monetary Fund recommends the Albanian government to increase revenue collection performance and expand the taxpayer base. According to the......
"Albania, strong economic performance" - IMF: Challenges, rapid population aging, emigration, low productivity
The Executive Board of the International Monetary Fund (IMF) recently praised Albania's strong economic performance, supported by prudent macroeconomic......
Albpetrol produces 70,250 tons of oil/ Production, state-owned company maintains trend of the last 3 years
About 70,250 tons of oil were produced by the public oil extraction company Albpetrol during 2024, an almost identical amount compared to the last 2 years.......
Britain relaxes tax rules for wealthy foreigners - The measure aims to prevent billionaires from leaving the country
The United Kingdom is to relax some planned changes to its controversial tax rule for foreigners, following concerns about an exodus of millionaires. The......
