Italy and VAE: Historical $ 40 billion for strategic investments!

Italy and VAE: Historical $ 40 billion for strategic investments!

The United Arab Emirates (VAE) have announced that it will invest an incredible $ 40 billion in Italy, which is a decisive step towards strengthening bilateral relationships. This enthusiastic news was announced on Monday during a bilateral summit in Rome, where the President of the VAE, Muhammad bin Zayed al-Nahyan, and the Italian President Giorgia Meloni discussed their cooperation. Meloni, who has followed a closer connection to the Gulf States since taking office in 2022, ignores the human rights concerns that are regularly expressed by political opponents, and relies on economic and strategic partnerships.

focus on a variety of sectors

The two countries strive for a "comprehensive strategic partnership" that will concentrate on key areas such as artificial intelligence, data centers, space, renewable energies and rare earths. In the joint explanation of the governments it was emphasized that these investments are obtained in state -of -the -art sectors. The Italian Prime Minister Meloni was optimistic and announced that more than 40 new agreements in the area of ​​economic cooperation as well as defense and nuclear industry have been signed. Particularly noteworthy is the declaration of intent of the Italian energy group Eni to work with the VAE companies MGX and G42 in order to develop data centers in Italy that are operated with natural gas power plants.

These developments could be crucial for how Italy will sharpen its economic profile in the coming years. All eyes are now aimed at the actual implementation of these ambitious plans and the effects on the Italian economy, especially after Italy has reached the value of around $ 10 billion with Saudi Arabia last month. As gamereactor observed, observer as a significant leap in the partnership between Italy and the partnership VAE without ignoring the critical voices regarding the human rights situation in the Gulf States.