Page 677 - MOE ENGLISH PR - MAY 2024

5/16/24, 9:44 AM Second edition of 'Investopia Europe' kicks off in Milan
technological institutions.

He added that Investopia Global Talks creates 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. (ANI/WAM)

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