Page 695 - MOE ENGLISH PR - MAY 2024

5/16/24, 9:46 AM Second edition of 'Investopia Europe' kicks off in Milan
"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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