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5/16/24, 9:45 AM Second edition of 'Investopia Europe' kicks off in Milan - www.lokmattimes.com
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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