Uploaded on Aug 4, 2020
Italy is among one of the promising countries in the global dredging market. The primary factor contributing to the growth of the market in the country includes the growing expansion of ports. For instance, in April 2019, the Government of Italy signed a memorandum of understanding (MoU) with China, to jointly invest and develop harbors and ports of Italy. This infrastructure investment by China is part of China’s Belt and Road initiative (BRI). It is a multi-billion-dollar plan that involves infrastructure development in Europe and across the globe. The MoU majorly focuses on the development of the Italian ports of Trieste and Genoa. This initiative offers a huge opportunity for the domestic as well as global dredging market players to expand their services in the country.
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