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  • 04 Dec 2017 8:00 AM | Anonymous member (Administrator)

    IBG at the Italy-Saudi Arabia business forum organized on the sidelines of the inter-governmental bilateral commission. 

    The opening of the work was done by Foreign Minister Alfano, who, after recalling the strategic importance of the relations between Italy and Saudi Arabia, took the opportunity to revive relations between the two countries and present the many Opportunities, also for Italian companies, stemming from the ambitious Saudi 2030 vision launched by the Saudi government.

    Yousef Alolayn, representative of the Saudi General investment Authority (SAGIA), then illustrated the most important aspects of this programm, which aims to reform the country at all levels, economic, social and cultural. In fact, as Hani Alsaigh, representative of the Saudi National Center for Privatization and partnerships, explained that the vision envisages a large privatization plan, involving as many as twelve sectors and enterprises of the scope of Aramco. On this front, in fact there will be a strict collaboration with the Italian Government given the past experience of numerous privatizations that have happened successfully.

    The forum then concluded by illustrating the tools made available by Italian institutions such as SACE and SIMEST in favor of Italian companies operating or intending to operate in Saudi Arabia. 


  • 26 Nov 2017 7:00 PM | Anonymous member (Administrator)

    Also the mythical Vespa celebrated the Grand Closing of the Italian Cuisine Week in Jeddah @Italianstreetfoodfestival  



    The beautiful Eleonora Galasso, Food Interpreter and Ambassador of the traditional Roman cuisine at the Italian Cuisine Week in Jeddah, performing “The Pop-Up Cinema Diner” at Assila Hotel



  • 12 Oct 2017 7:30 AM | Anonymous member (Administrator)

    The  12th October 2017, the Joint Italian Arab Chamber (JIAC) has organized, in collaboration with Promos – Chamber of commerce of Milan, Monza Brianza and Lodi, Union of Arab Chamber of commerce and with the support of Banca Intesa, the first Italian-Arab Business Forum in Milan. 

    In a political context not free of stress, like the Qatar’s regional crises, the Arab countries have developed a process of economic growth capable of lure significant foreign investment, generating several opportunities also for Italian companies.

    Italy is indeed a strategic and economical partner for these countries, as the Italian foreign minister Angelino Alfano said, pointing out how between 2009 and 2015 the Italian export directed to Saudi Arabia increased by 112%, to United Arab Emirates by 64% and to Bahrein by 22%. Looking at the data the Italian exportation towards North Africa have exceeded 12 billiards of euro while the export to Middle East have reached 11 billiards of euro. Together the area Mena (Middle East – North Africa) today represent over the 6% of the total Italian Export.

    The Bahrein ministry of Commerce, Industry and Tourism, Zayed R. Alzayani, have then identified in tourism and ICT the industries with more opportunities for alliances and Joint Venture with Italian companies, this without excluding other industries potentially attractive like the Energetic sector, Healthcare and Entertainment.

    In order to give an objective frame to the countries, were then presented the main problems related to do business in Arab countries, which according to a survey made by Promos are: the lack of knowledge of the markets (26%), the research and preservation of the relationship with local partners (23%), bureaucracy (20%), difficulties to ensure bank credit (18%). The mobilization of a network of agencies able to help the companies with information services and tools goes in the direction of overcoming these challenges, JIAC is an example of this.


  • 11 Oct 2017 7:30 PM | Anonymous member (Administrator)

    Elegant atmosphere at Principe di Savoia in Milan for the private networking dinner by the Italian Arab Chamber of Commerce (JIAC) to inaugurate its first economic forum

  • 27 Sep 2017 6:00 PM | Anonymous member (Administrator)

    The first IBG Networking Meeting after the summer break was held at Assila by Rocco Forte Hotel in Jeddah on September 27 2017 and was a success. The meeting topic was of great interest to IBG members and prospects who attended in person or through their C-level executives.

    IBG president, dr. Bashar Jabban, introduced the meeting’ topic describing IBG new initiatives and services within the context of businesses internationalization, and his new role with Studio Righini in support bilateral relations between Italy and Saudi Arabia.

    Then Marco Ferioli, Head of SACE for Mena area, Dubai based, described the organization: SACE is an Italian government agency headed to CDE (Cassa Depositi e Prestiti) together with SIMEST. SACE offers Export Credit insurance, investment protection, financial guarantees, sureties, factoring and other financial solutions. SIMEST promotes foreign investments and provides financial support for Italian companies investing overseas. SIMEST offers interest rate support (interest make-up schemes) for Export Credit transactions.

    The interaction of the two agencies allows to meet any need for trading and investment on the today’ Italian-Saudi market.

    The proposed products and packages are tailored on the characteristics of the two markets and in consideration of the strategic turnaround in Saudi economic policy (Vision 2030). 

    SACE recently signed a memorandum of understanding with JCCI and a reinsurance agreement with the Islamic corporation for the insurance of investments and export credit (ICIEC).

    SACE is actually committed in financial operations regarding the sectors of Infrastructure, Transportation, Steel, Oil&Gas, Health sector, Water treatment.

    Dr. Ferioli addressed to the presents some interesting case stories, fitting their different kind of business, and answered to numerous questions.

    HE Elisabetta Martini, General Consul of Italy, concluded the business meeting  greeting the attendees.  

    A cocktail “aperitivo” followed the meeting at the newly opened CoCo’Bar at Assila Hotel. 


  • 25 Sep 2017 5:30 PM | Anonymous member (Administrator)

    The strategic turn-around of public spending and novelties recently introduced in the legal framework have made the seminar organized by the Italian Embassy in Riyadh absolutely contemporary and topic for the Italian entrepreneurs. 

    Managers and CEOs of several Italian companies in Saudi Arabia crowded the meeting, listening with great attention to the reports presented by the three experts invited by Ambassador Luca Ferrari and coordinated by dr. Rossella Rossi, head of economic and commercial affairs. HE Elisabetta Martini, consul general of Italy in Jeddah was also present at the seminar.

    Dr. Edoardo Riccio, founder and manager partner of Acthink Cosulting in Dubai, described the new financial Saudi scenario, determined by the collapse of oil revenues and redesigned by the government accordingly with Vision 2030 project. To a careful investment assessment, estimated at $ 70 bln by 2020, the new budget plan can reveal interesting opportunities for Italian companies, especially in areas such infrastructure and transportation.

    Avv. Edoardo Betto, legal director and head of DLA Piper Saudi Arabia in Al Khobar, outlined the legislative and bureaucratic novelties recently introduced by the Saudi administration, aimed at simplifying the access to the local market. Betto particularly concerned about relaxation of SAGIA/MOCI procedures, relaxation of foreign investment rules, news from contracting industry, VAT Law and update on employment laws.

    As Head of SACE, the Italian Agency offering Export Credit services and financial solutions for trading and investments, Marco Ferioli’s speech complemented the overall picture. Ferioli illustrated the diversified SACE and SIMEST financial products and packages, tailored on the contemporary requirements of Saudi-Italian market, and responding to a large number of needs such as export credit and project finance, protection of foreign investment and credit risks. 

    SACE numbers in Middle East and North Africa are: Portfolio Euro 12 bln, New guarantees Euro 6,1 bln, Pipeline Euro 10 bln

    Bashar Jabban attended the seminar as IBG president and Studio Righini MEO partner and it was the occasion to interact with the speakers and the audience about SME internationalization process in KSA. 


  • 17 May 2017 6:00 PM | Anonymous member (Administrator)

    It was held at the recently opened Assila Hotel by RoccoForte, welcomed by IBG family as a new member, together with Distretto Design, IKK Group, Murano, Mutabagani Group, Universal Motors and other members.

    The meeting was host in one of the elegant and fully equipped Assila meeting rooms.

    HE Elisabetta Martini as IBG honorary president, welcomed the members and gave an interesting speech about the recent guidelines from the Italian Ministry of Foreign Affairs in the matter of development of the Italian network system, committed abroad in sustaining and promoting Italian industries and cooperatives of brands. She described the internationally launched initiative #vivereallitaliana (living Italian way) that will be the frame of the project, and mentioned Altagamma, the Italian association of prominent italian companies in the luxury segment of various industries, which is partner of the project.

    Dr. Rossella Rossi, Second Secretary, and Head of Economic & Commercial Affairs at the Embassy of Italy in Riyadh, conveyed the Ambassador salutations to IBG members and confirmed the Embassy interest in IBG activities, and the general support of Italian diplomacy towards policies aimed at developing the Italian business network abroad.

    Dr. Jabban, IBG President, shortly illustrated the positive results achieved in the past year and confirmed the implementation of the COM Co-Marketing Project in collaboration with Mr. Martin Yofre, KSA Managing Director for Ogilvy, and invited the members to actively join the project, which promises to be an interesting marketing tool to cope with the general market crisis.

    He then illustrated the relevant professional characteristic of Studio Righini, a major Consultants, Lawyers, and Chartered Accountants, highly specialized in the internationalization process of Italian companies willing to do business in Saudi Arabia and vice versa. Studio Righini is a IBG member and active collaborator.

    The following reception was host in the Assila cozy coffee lounge and numerous guest joined the IBG gathering.  An elegant cocktail was served, specially designed by Assila chefs and inspired by the tradition of Italian cuisine.

    Among the many fiends of Italy, HE Matthias Mitman, General Consul of USA, HE Ziad Atallah, General Cosul of Lebanon, Mazen Tamimi, Adel A. Alhosta, Hasan Aljabri, Nasser Farouki, Tarek Fakieh, Mrs. Enas Hashani, Motasem Khashoggi.

    The piano performance of Maestro Vincenzo Provenzano, which accompanied the reception, was mostly appreciated. 


  • 29 Apr 2017 12:00 PM | Anonymous member (Administrator)

    With 14.000 visitors and more than 400 international exhibitors, The Big 5 Saudi has become the most important construction event for the region.

    The Italian representation of exhibitors was numerous and covered many sectors of the building industry, from marble to the finest stone for coatings, wood and ceramic manufacturing, fixtures, technology products for hydraulic and energy saving, technical equipment and accessories…

    The Italian delegation, led by dott. Giuseppe Lamacchia, Italian trade attaché’ from the Trade Promotion Section of the Italian Embassy in Riyadh, ITA (Italian trade Agency), was host at the Italian Cultural Section for a networking lunch, in collaboration between the Italian Consulate and IBG. Dr.Pietro Bentivegna, Deputy Consul, welcomed the guests.

    The meeting gathered together Italian producers and local potential consumers and professionals in the construction sector, giving the opportunity to exchange information, knowledge and to tighten business relationships.   

    Among the participants: Stefania Nardo (Casal SRL), Roberto Maci (Bianco Cave), Massimo Della Valle (Profil Pas), Alessio Cloni (Caleffi), Sami Labib (Messina), Ola Abid (Ola Abid Int. Design), Roberto Liuzza, Ahmaed Raghab (Impregilo), Samir Munla (Al Mada Marble&Ceramics), Hisham Kashoggi (Italian Lab)   


  • 12 Mar 2017 6:30 PM | Anonymous member (Administrator)

    The Italian Design day came for the first time to Jeddah accordingly with the international initiative launched by the Italian Ministry of Foreign Affair to celebrate and promote all over the world the Italian excellence in Design industry. Main sponsors of the initiative are also La Triennale and Salone del mobile di Milano.

    In collaboration between the Italian Business Group and Distretto Design of Jeddah, Italian Design Day showcased Italian-made products under the umbrella of the Italian Consulate General and Jeddah’s Chamber of Commerce.

    The Italian Cultural Section in Jeddah hosted the three-days exhibition and the related workshops, held by the representatives of the 11 Italian interior brands showcased and exclusively distributed in Jeddah by Distretto Design.

    Distretto Design’ exceptional commitment made possible to present on Jeddah scene some of the most iconic pieces made by the prestigious Italian brands, that managed to ship them directly from Italy for the occasion.

    The opening event took place on Sunday, March 12 at the presence of the Ambassador in Riyadh, HE Luca Ferrari and the Consul in Jeddah, HE Elisabetta Martini. Special guest of Italian Design Day was the dean of the Design Institute of Urbino, Professor Leonardo Romei, who was the event’s ambassador of Italian Design.

    In his introductive speech to the exhibition, Prof. Romei gave a theoretical approach to promote and encourage the collaboration among universities in terms of student exchange between KSA and Italy.

    Bashar Jabban commented the initiative highlighting how its objectives are fully shared with IBG values to foster the exchange of culture, knowledge and expertise between our two countries as the main way to promote business.

    Among the companies showcased, B & B Italia, Slamp, Alessi and Italprogram Plus.

  • 31 Dec 2016 6:30 PM | Anonymous member (Administrator)

    In occasion of the stop in Jeddah of the Italian Frigate FREMM Carabiniere, IBG, with the patronage of Italian Consulate, organized a reception at the Italian Cultural Section on Saturday, December 31. French and American Business Groups were involved and collaborate to the success of the event.

    Special guests were all the officers boarded the frigate, and commander Francesco Pagnotta, who were pleased to have the occasion to meet with the international community in Jeddah.

    The Italian anti-submarine warship Carabiniere has made Jeddah its first and only stop in the Gulf on a route that will take it to Singapore and Australia. The visit, billed as a sign of friendship between the Kingdom and Italy, will help to strengthen bilateral ties in the naval and maritime sectors within the framework of international naval cooperation. The stopover of this ship will also enable Italy to showcase FREMM’s design and capabilities, with the frigate being a candidate in Australia’s SEA 5000 Future Frigate program.

    Carabiniere belong to the new European multi-purpose frigate (FREMM) class, a class of frigates designed by the French DCNS and the Italian Fincantieri in a joint program to replace the existing destroyers and frigates within the French and Italian navies. The Carabiniere is fitted with the latest-generation platform and combat systems, based on state-of-the-art military and civil standards.

    It can perform a wide range of missions, including civilian tasks such as rescue and humanitarian assistance.

    During the naval mission presentation, held at Jeddah Chamber of Commerce and Industry (JCCI) by HE Elisabetta Martini and commander Pagnotta, it has been also announced that 60 young Saudis would be trained in Italian academies — 10 of them in the naval academy — in the coming year.

    JCCI Vice Chairman Mazen Batterjee said the companies that built the warship were invited to invest in Saudi Arabia “to transfer their expertise and technical knowledge ... as we aspire to make the Kingdom a manufacturer and builder of such ships, not only a consumer and importer.”

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Via Monte di Pietà, 19

20122 Milan - Italy


c/o Italian Consulate General

Jeddah - Saudi Arabia


info@italianbusinessgroup.net


About ISBG

The Italian Saudi Business Group (ISBG) is an Italian private non-for-profit business association that operates in Saudi Arabia under the patronage of the Italian Consulate General and The Chamber of Commerce and Industry in Jeddah