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Saudi Arabia, Italy Discuss Cooperation on Clean Energy

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef has met in Rome with Italian Minister of Environment and Energy Security Gilberto Fratin in Rome. SPA
Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef has met in Rome with Italian Minister of Environment and Energy Security Gilberto Fratin in Rome. SPA
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Saudi Arabia, Italy Discuss Cooperation on Clean Energy

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef has met in Rome with Italian Minister of Environment and Energy Security Gilberto Fratin in Rome. SPA
Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef has met in Rome with Italian Minister of Environment and Energy Security Gilberto Fratin in Rome. SPA

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef has met in Rome with Italian Minister of Environment and Energy Security Gilberto Fratin to discuss strengthening cooperation in mining, sustainability, clean energy solutions, and attracting Italian investment to Saudi Arabia’s mining sector.

Alkhorayef highlighted the Kingdom's untapped mineral wealth, estimated at $2.5 trillion, and opportunities at all mining stages: exploration, exploitation, and processing. He said 80 years of geological data is accessible to investors on a digital platform to help facilitate informed investment decisions.

He also explored opportunities for enhanced cooperation and investment in renewable energy, focusing on the integration of the supply chain to meet local, regional, and global demand.

Alkhorayef welcomed the increased Italian business engagement in the Kingdom, and encouraged private sector participation in major development projects.
He invited Fratin to the Future Minerals Forum in Riyadh, in early 2025, anticipating significant Italian participation.

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Honda and Nissan Reportedly Consider Mutual Production of Vehicles

FILE PHOTO: A Honda logo is seen during the New York International Auto Show, in Manhattan, New York City, US, April 5, 2023. REUTERS/David 'Dee' Delgado/File Photo/File Photo
FILE PHOTO: A Honda logo is seen during the New York International Auto Show, in Manhattan, New York City, US, April 5, 2023. REUTERS/David 'Dee' Delgado/File Photo/File Photo
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Honda and Nissan Reportedly Consider Mutual Production of Vehicles

FILE PHOTO: A Honda logo is seen during the New York International Auto Show, in Manhattan, New York City, US, April 5, 2023. REUTERS/David 'Dee' Delgado/File Photo/File Photo
FILE PHOTO: A Honda logo is seen during the New York International Auto Show, in Manhattan, New York City, US, April 5, 2023. REUTERS/David 'Dee' Delgado/File Photo/File Photo

Honda and Nissan are considering producing vehicles in one another's factories as part of their plan to deepen ties and potentially merge, Japan's Kyodo news agency said on Saturday.
Honda will consider supplying hybrid vehicles to Nissan as part of the plan, the report said, without citing the source of the information.
A merger of Honda, Japan's second-largest car company, and Nissan, its third-largest, would create the world's third-largest auto group by vehicle sales, behind Toyota and Volkswagen, making 7.4 million vehicles a year, Reuters said.
The two automakers forged a strategic partnership in March to cooperate in electric vehicle development, but Nissan has faced financial and strategic troubles in recent months.
As announced, Honda, "Nissan and Mitsubishi Motors are in the process of bringing together our strengths and exploring potential forms of cooperation, but nothing has been decided yet,” a Honda spokesperson said, when asked about the report.
Nissan declined to comment, saying the details of the report were not based on a company announcement. Nissan is the top shareholder in Mitsubishi Motors.
Kyodo said Honda could use Nissan's car factory in Britain, as it now only has factories for engines and motorcycles in Europe.
The move comes amid concerns over how president-elect Donald Trump's policies may shake up manufacturing with his promises of protectionist trade policies, the report said.