Page 71 - MOE ENGLISH PR - MAY 2024

Press Release

in the second edition of Investopia Europe included representatives of over 50 companies in the
UAE.

H.E. Abdulla bin Touq Al Marri said: "Over the past three years, the 'Investopia Talks’ have
succeeded in bringing together visionaries, leaders, investors, and the most ambitious entrepreneurs
at local, regional, and global levels under one umbrella to generate innovative ideas and global
investment opportunities in new economic sectors. It contributed to creating an attractive economic
environment and opening a new investment gateway for business communities, major companies,
financial, industrial, and technological institutions."

“Investopia Europe creates promising economic opportunities for both Emirati and European
private sector by highlighting the UAE’s attractiveness for Italian and European investments in
new economic sectors. The choice of Milan, the Italian trade capital, to host Investopia Global
Talks for two consecutive years reaffirms the importance of the Italian private sector as a
significant player in the UAE’s business and investment sectors. While more than 600 Italian
companies operate in the UAE market, Italy serves as a crucial economic gateway for UAE
companies in Europe. The UAE’s investments in Italy reached USD 300 million between 2018 and
2022, while Italian FDI flows to the UAE amounted to approximately USD 343 million during the
same period. This confirms the continued momentum in investment flows between the two
countries in all economic activities and sectors,” H.E. added.

H.E. Bin Touq said: “The inaugural edition of Investopia Europe focused on stimulating investment
in rapidly growing sectors, especially the circular economy, family businesses, luxury goods, and
technology. We seek to build further on this momentum through the second edition of Investopia
dialogues with our Italian and European partners at both government and private levels, to facilitate
expansion into other new economic sectors. These include tourism, creative industries,
sustainability, and advanced economic policies that contribute to enhancing sustainable economic
development.”

H.E. highlighted the promising investment opportunities and potential of the UAE’s tourism and
hospitality sectors, which experienced significant growth in recent years. He pointed out that the
country aims to attract new tourism investments worth AED 100 billion by the next decade in line
with the UAE Tourism Strategy 2031, and invited participants to explore investment opportunities
in these vital sectors.

Furthermore, H.E Bin Touq elaborated on the UAE’s competitive business environment as well as
the opportunities facilitated by flexible economic laws and advanced infrastructure for investments
in diverse economic sectors. These include new economy, sustainability, SMEs, and
entrepreneurial ventures. The UAE has notably emerged as a prime destination for establishing

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