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.

Italy's Prime Minister Giorgia Meloni arrives for a meeting with European leaders on Ukraine and European security at the Elysee Palace in Paris, France, February 17, 2025. REUTERS/Gonzalo Fuentes/File Photo ROME (Reuters) - The United Arab Emirates plans to invest $40 billion in Italy,

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. Meloni has been trying to pursue stronger ties with Gulf countries since taking office in 2022,

Apart from energy and tech, the UAE is also expected to invest heavily in Italy’s defence and security sector. The deal will involve joint military production and the sharing of information. View on e