Page 62 - MOE ENGLISH PR - MAY 2024

Press Release

Minister of Economy meets with ministers & top EU officials to discuss

prospects for enhancing economic cooperation on the sidelines of second
edition of ‘Investopia Europe’

H.E. Bin Touq: The UAE and EU share strong strategic ties in all fields, and we
are keen to build on them in a mutually beneficial manner

Abu Dhabi, 13 May 2024 - H.E. Abdulla bin Touq Al Marri, UAE Minister of Economy and
Chairman of Investopia, held several high-level meetings with ministers, senior government
officials and private sector representatives in the EU on the sidelines of the second edition of
‘Investopia Europe,’ which was held in Milan, Italy, recently. The meetings were aimed at
enhancing prospects for stronger economic cooperation by enabling the European private sector to
benefit from the latest edition of ‘Investopia Dialogues’ held in Europe.

During the meetings, the Minister of Economy emphasized that the UAE-EU relations are strategic
and highly developed in all fields. He expressed the UAE’s desire to further strengthen the
economic and investment ties with EU to support the growth and sustainability of both economies.

H.E. Bin Touq holds meeting with Italian counterpart

H.E. Bin Touq held a meeting with his Italian counterpart H.E. Giancarlo Giorgetti to discuss new
mechanisms and strategies to strengthen economic cooperation between the UAE and Italy,
increase investment exchanges in the sectors of common interest, and create more investment

opportunities for the private sector.

H.E. said: “The economic ties between the two countries are flourishing, with Italy being the UAE's
primary trading partner in the EU. More than 600 Italian companies currently operate in various
economic sectors within the UAE. The UAE’s investments in Italy amounted to approximately
USD 300 million between 2018 and 2022, whereas Italian FDI in the UAE reached nearly USD
343 million during the same period.”

The two ministers discussed the expansion of existing partnership in key economic sectors,
particularly in the new economy, energy, manufacturing, infrastructure, tourism, and technology,
which are the future sectors poised to drive the growth of both economies. In addition, the meeting
acknowledged the importance of sharing experiences around flexible economic policies and

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