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5/16/24, 9:41 AM ‘Investopia Europe’ kicks off in Milan to stimulate investment - GulfToday
umbrella to generate innovative ideas and create global investment
opportunities in new economic sectors.

This is to create an attractive economic climate and open a new investment
gateway for business communities, major companies, financial, industrial, and
technological institutions.

He added that Investopia Global Talks create promising economic opportunities
for the Emirati and European business communities and enhance the country’s
attractiveness for Italian and European investments in new economic sectors.
Choosing Milan, the Italian trade capital, to host Investopia Global Talks for two
consecutive years reaffirms the importance of the Italian business community
as a significant partner in the business and investment sectors in the UAE.

“More than 600 Italian companies operate in the UAE market, and Italy serves
as an important economic gateway for Emirati companies in Europe. Total
Emirati investment flows to Italy amounted to around $300 million from 2018 to
2022, while Italian investment flows to the UAE amounted to approximately
$343 million during the same period, confirming the continuous investment
momentum between the two countries in all economic activities and sectors.”
He explained that the first edition of “Investopia Europe” focused on stimulating
investment in rapidly growing sectors, especially the circular economy, family
businesses, luxury products, and technology.

He said, “We continue our work through the second edition of these dialogues
with our Italian and European partners at both government and private levels to
expand into other new economic sectors, including tourism, creative industries,
sustainability, and discuss advanced economic policies that contribute to
enhancing sustainable economic development.” Abdulla bin Touq highlighted
the promising investment opportunities and potentials enjoyed by the tourism
and hospitality sectors in the UAE, which have witnessed steady growth over
the past few years. He pointed out that the country has set a target to attract
new tourism investments worth Dhs100 billion by the next decade, in line with
UAE Tourism Strategy 2031, and invited participants to invest in these vital
sectors.

Investopia 2024 held recently in Abu Dhabi effectively organised an all-
encompassing strategic discussion, bringing together more than 105 speakers,
including ministers, policymakers, leading investors, economic experts, and
entrepreneurs from different regions of the world. The objective was to outline a
distinct roadmap for promoting sustainable economic growth for countries and
communities alike. It also aimed to contribute to driving development in the face
of global economic challenges by engaging in meaningful discussions on major
economic topics at both regional and global scales.

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