Posted 9/4/2023, 12:12:00 PM

Saudi Arabia considering investing in 'Made in Italy' fund

Italy and Saudi Arabia are discussing a potential Saudi investment in Rome's new strategic fund, as the two countries sign a deal to strengthen economic ties, particularly in energy, and boost investments in areas like sustainability and supply chains.

reuters.com

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8/30/2023

BRICS: Saudi Arabia Preparing to Invest $16 Billion From Reserves

Saudi Arabia, as a new member of the BRICS economic alliance, plans to invest $16 billion from its foreign reserves, signaling a shift towards prioritizing investment over reserves and potentially bolstering the bloc's ongoing initiatives.