Page 686 - MOE ENGLISH PR - MAY 2024

5/16/24, 9:45 AM Second edition of 'Investopia Europe' kicks off in Milan
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)

https://www.irishsun.com/news/274365947/second-edition-of-investopia-europe-kicks-off-in-milan 3/3