Page 668 - MOE ENGLISH PR - MAY 2024

5/16/24, 9:42 AM Second edition of ‘Investopia Europe’ kicks off in Milan – UAE Business and Travel Insights – TotalUAE.com
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 AED100 billion by the next decade, in line with UAE Tourism Strategy 2031, and invited
participants to invest in these vital sectors.

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