Mar. 3 – The business mission to Saudi Arabia organized by the Ministry of Foreign Affairs, the Ministry of Economic Development, ICE Agency and Confindustria kicks off today. Dedicated to clean technologies and the medical sector, Italian companies will make the most of the recently allocated Saudi funds for the construction of 5 new medical cities and 19 hospitals. The King Abdullah City for Atomic and Renewable Energy also announced the launch of a $109 billion plan to cover, by 2030, a third of the national energy demand (approximately 54 GW) from renewable sources. The first call for the production of an initial 500-800 MW clean energy package will be released after the approval of the 2014budget. The Italian mission, which will end March 5, will focus on business opportunities in these sectors by providing targeted meetings with institutional representatives, as well as with organizations and local businesses. The program includes an opening session in Riyadh, followed by meetings between Italian and Saudi companies. On March 4, the delegation will travel to Jeddah, where they will meet with local counterparts as organized by the Chamber of Commerce of Jeddah.
