UAE to invest $40 billion in Italy following MBZ’s state visit
Trip by Sheikh Mohamed bin Zayed was the first by a UAE President to Italy. Italian Prime Minister Giorgia Meloni visited Abu Dhabi in January
Italian Prime Minister Giorgia Meloni welcomes UAE President Sheikh Mohamed bin Zayed at Palazzo Chigi in Rome (Getty Images)
UAE President Sheikh Mohamed bin Zayed’s state visit to meet Italian Prime Minister Giorgia Meloni in Rome produced a range of deals aimed at strengthening both business and security ties between the two countries.
Emirati officials signed deals on Monday to invest $40 billion in Italy across projects ranging from artificial intelligence to undersea cables and renewable energy.
“This collaboration underscores the importance of Italy and the UAE as strategic partners for innovation, sustainable economic development and technological exchange,” the countries said in a joint statement.
Sheikh Mohamed’s trip was the first by a UAE President to Italy. Meloni visited Abu Dhabi in January.