The United Arab Emirates plans to invest $40 billion in Italy, the two countries said at a bilateral summit in Rome, without providing any time frame. Italian Prime Minister Giorgia Meloni has pursued stronger ties with Gulf countries since taking office in 2022,

Prime Minister Giorgia Meloni said the United Arab Emirates will invest $40 billion in Italy after Rome hosted a visit of UAE President Sheikh Mohamed bin Zayed Al Nahyan.

Announcement made during a meeting between Emirati President Sheikh Mohamed bin Zayed Al Nahyan and Italian Prime Minister Giorgia Meloni in Rome - Anadolu Ajansı

The United Arab Emirates plan investments in Italy worth 40 billion dollars, Italian Prime Minister Giorgia Meloni said on Monday, without giving a time frame.

Italian Prime Minister Giorgia Meloni has secured a total of $50 billion worth of deals from her engagements with the UAE and Saudi Arabia so far this year.