Italians’ interest in traveling to Saudi Arabia is growing, says country’s tourism minister

Italian Tourism Minister Daniela Santanche. Al-Eqtisadiah
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Updated 12 November 2025
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Italians’ interest in traveling to Saudi Arabia is growing, says country’s tourism minister

RIYADH: Italians’ interest in traveling to Saudi Arabia is increasing, as the Kingdom continues its efforts to boost tourism flows, while work is underway to explore opportunities for intensifying direct flights between the two sides. 

This was confirmed by Italian Tourism Minister Daniela Santanche to Al-Eqtisadiah on the sidelines of her participation in the events of the TOURISE 2025 forum in Riyadh.

Santanche said: “Saudi Arabia has made significant progress in diversifying its tourism offerings and improving its infrastructure, making it an attractive destination for international visitors.” 

She emphasized that tourism exchange programs between the two countries could enhance cultural ties and encourage visitor flows.

The Italian Minister also mentioned that the Italian side is working with the national carrier ITA Airways to explore opportunities to enhance direct air connectivity with Saudi Arabia to accommodate tourist flows in both directions.

Steady growth in Saudi-Italian relations

Relations between Saudi Arabia and Italy are witnessing steady growth, with the trade volume between the two countries reaching €966 million ($1.11 billion) in the first half of this year, and tourism flows recording a significant increase.

More than 322,000 Saudi tourists visited Italy last year, a 65 percent increase year on- ear, spending more than half a billion euros, according to the Italian Minister.

Participation in the forum provided an opportunity for leading Italian companies to showcase what they have, “creating favorable conditions for mutual investment and further enhancing relations between the two countries,” as confirmed by Santanche.

The Minister added: “We are actively working to promote cooperation between Italy and Saudi Arabia. The participation of Italian companies in the ‘TOURISE’ initiative is an important step in this direction.”

Many Italian tourism companies are currently operating in Saudi Arabia “and are ready to cooperate with their Saudi counterparts to develop new opportunities,” according to Santanche, who confirmed that facilitating the entry of Gulf Cooperation Council citizens, led by Saudis, into EU countries is an important factor for increasing current tourism flows.

In April of last year, the European Commission adopted a historic decision to grant GCC citizens five-year multiple-entry Schengen visas.

Saudis currently account for 60 percent of the Schengen visas granted to the Gulf countries combined, amounting to 470,888 visas, as previously reported by the EU press office in the Belgian capital Brussels to Al-Eqtisadiah.

An Italian vision on tourism and artificial intelligence

During the forum, Santanche presented Italy's vision on tourism and artificial intelligence, focusing on the pivotal role of the human element in managing innovations.

She highlighted the importance of tourism as an economic, cultural, and social driver, emphasizing the need to regulate the use of emerging technologies to ensure maximum benefit without compromising the tourist experience.

Regarding Saudi Arabia, she said: “Practical cooperation can be achieved by maintaining active international relations through Italian companies operating in Saudi Arabia and facilitating potential Saudi investments in Italy.”

While describing the tourism sector in Saudi Arabia as “very important and positive,” she pointed out that Italy has a long tradition in hospitality and the management of historical and cultural destinations, saying: “We can make a significant contribution by exchanging our expertise and best practices in promoting cultural heritage and creating unique and attractive tourist experiences.”


Accelerating growth boosts investor confidence

Updated 06 December 2025
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Accelerating growth boosts investor confidence

  • Startups attract fresh capital to scale AI, health tech, and infrastructure

RIYADH: Startups across the Middle East and North Africa are accelerating growth through strategic funding rounds, partnerships, and technological innovation. 

From agriculture tech and AI-led cybersecurity to digital health and home renovation, this week’s developments reflect the region’s expanding startup ecosystem and investor confidence across key verticals.  

Saudi agritech startup Nabt has raised $3.4 million in a seed extension round, bringing its total funding to $5 million.  

The round was led by SHG Group, with participation from Merak Capital and several angel investors, signaling strong investor confidence in the company’s long-term growth strategy.  

The funding announcement took place during a signing ceremony at the Sunbola program event under the Ministry of Environment, Water, and Agriculture.  

Founded to build both physical and digital infrastructure for the fresh-produce sector, Nabt connects farmers directly with commercial buyers through fulfillment centers that handle sorting, cold storage, and last-mile logistics.  

The company recently launched the Nabt Online Auction to support large-scale produce trading across the Kingdom, and Nabt Intel, which provides real-time pricing and market-demand data. 

CEO Abdullah Al-Otaibi said: “In just two years, Nabt has proven that building transparent and efficient infrastructure for fresh produce is not only possible but essential.”  

The new capital will support expansion into additional Saudi cities and further develop Nabt’s infrastructure and services to boost food security and farmer profitability across the country.   

COGNNA raises $9.2m 

COGNNA, a Saudi cybersecurity company founded in 2022, has closed a $9.2 million series A round led by Impact46 and co-led by BNVT Capital, with participation from Vision Ventures and Tali Ventures.  

The company offers AI-driven security operations tailored for enterprises and SMEs through its Agentic SOC platform.  

Combining AI automation with human oversight, COGNNA’s platform helps organizations simplify compliance and proactively defend against cyber threats. 

Chief Technology Officer Ziyad Al-Sheri stated: “Through our AI-led platform, we are building an Agentic SOC that doesn’t just respond to threats — it anticipates them.”  

The funding will be used to accelerate global expansion, enhance R&D in AI automation, and scale operational teams and infrastructure to meet growing demand. 

The company plans to allocate capital across product development, marketing, hiring, and international operations.  

Funch raises $500k 

Funch, a Dubai-based AI-native lunch subscription startup, has secured $500,000 in a pre-seed round led by Angelspark, with participation from investors including Mostafa Kandil, Mahesh Murthy, and Tushar F.  

Founded in 2025 by Ahmad Joehnny and Ghada Zanaty, the platform offers flexible, credit-based lunch subscriptions for 19 Emirati dirhams per day with no delivery fees. 

Founded in 2025 by Ahmad Joehnny and Ghada Zanaty, Funch offers flexible, credit-based lunch subscriptions with no delivery fees. (Supplied)

Funch replaces traditional meal plans with a system where users can pause, skip, or cancel orders while using credits only when meals are delivered.

“Our model is built around pre-planned orders, enabling us to operate with higher efficiency, reduce waste, and cut emissions with fewer trips,” said co-founder and chief operating officer Ghada Zanaty.  

The company leverages AI to forecast demand, optimize routes, rotate menus, and streamline logistics, and will use the funding to scale across Dubai and develop its AI systems further. 

Paymob teams up with Robusta 

Egyptian fintech Paymob and software development firm Robusta Technology Group have announced a strategic partnership to accelerate digital transformation across Egypt and the wider region.  

The collaboration will integrate Paymob’s digital payments infrastructure with Robusta’s AI-driven product development and analytics capabilities.  

The joint initiative aims to deliver intelligent digital experiences for SMEs and enterprises, supporting Egypt’s Vision 2030 goals. 

Both companies plan to expand regionally and develop future offerings combining automation, analytics, and seamless payment systems to improve operational efficiency for merchants and startups.  

Reno raises $4m

UAE-based renovation technology platform Reno has raised $4 million in a mix of equity and debt funding.  

The round included investments from Sanabil 500, Hub71, and Plus VC, as well as Zero 100 VC, FlyerOne Ventures,  and Sandstorm VC. AngelSpark and Swiss Founders Fund also invested.

Founded in 2024 by Marc Michel, Amr Hosny, and Farah Karabeg, Reno offers a tech-enabled, end-to-end solution for interior design and renovation services in both residential and commercial sectors.  

Reno aims to streamline the renovation process through a unified digital platform, allowing customers to manage projects from planning through execution.  

The company plans to use the new capital to expand across the GCC region, enhance its technological infrastructure, and further develop its customer experience. 

Glenwood PE and Mubadala invest in Korean desalination firm NanoH2O

Glenwood Private Equity and Abu Dhabi’s Mubadala Investment Company, along with co-investors, have completed a co-investment in NanoH2O, a Seoul-based reverse osmosis membrane manufacturer previously operating as LG Water Solutions under LG Chem.  

All closing conditions and regulatory approvals for the investment have been fulfilled.  

NanoH2O, which became an independent entity in 2024, supplies desalination and brackish water treatment solutions to municipal and industrial clients worldwide. More than 95 percent of its revenue is generated outside South Korea. 

“We have strong conviction in NanoH2O’s technology leadership and long-term growth potential,” said Mohamed Al-Badr, head of Asia at Mubadala.  

The firm aims to support NanoH2O’s global expansion, particularly in the MENA region, amid growing concerns over water security and decarbonization.