0155 GMT July 23, 2018
The announcement was made in Rome by the festival's director Antonio Monda and the head of the Fondazione Cinema per Roma, Laura Delli Colli, Hollywood Reporter wrote.
Scorsese has long had ties to Italy. His grandparents on both sides immigrated to the United States from Palermo, Sicily. In 1999, he produced a documentary on Italian filmmakers, 'My Voyage to Italy', and later directed 'Gangs of New York' in 2002 in Rome's famed Cinecitta studios.
The director of 'Mean Streets', 'Taxi Driver', 'Raging Bull', 'Goodfellas', 'Casino' and 'The Wolf of Wall Street' has been nominated for 12 Academy Awards over his career, and won for best director for 'The Departed'.
His upcoming film 'The Irishman', about the slaying of Jimmy Hoffa, stars Jesse Plemons, Robert De Niro and Al Pacino.
"I am extremely honored to bestow the Lifetime Achievement Award to a Cinema Master," said Monda.
"I am thrilled and moved to celebrate Martin Scorsese, not only as a great director," he continued, "but also for his extraordinary and priceless contribution to the rediscovery of great classic movies and, most of all, of Italian Cinema."
The 13th Rome Film Fest takes place from October 18 to 28.