Page 680 - MOE ENGLISH PR - MAY 2024

Bin Touq stated that Investopia Global Talks have succeeded over the past three
years in bringing together visionaries, leaders, investors, and the most ambitious
entrepreneurs at the local, regional, and global levels under one 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 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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