Page 518 - MOE ENGLISH PR REPORT - MARCH 2025

UAE, Italy: Promising partnerships for sustainable, prosperous future

• Friday, February 28, 2025 1:32 PM

• 4 minutes Reading
ROME, 28th February, 2025 (WAM) -- Economic relations between the UAE and Italy continue on an
upward trajectory towards sustainable growth and development, driven by the direct support of
both countries' leaderships and a series of promising investment and development projects in
strategic and innovative sectors.

The state visit of President His Highness Sheikh Mohamed bin Zayed Al Nahyan to the Italian
Republic earlier this week has opened new avenues for cooperation between the two nations
through the launch of a series of joint investment projects with the participation of business
communities from both countries.

These initiatives are expected to accelerate sustainable development, create job opportunities, and
drive economic and social growth, contributing to further progress and prosperity.
Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, affirmed that UAE-Italy relations
are experiencing one of their most prosperous periods, reflecting the shared commitment of both
countries' leaderships to elevate their ties to new levels of a long-term strategic partnership aimed
at achieving mutual economic growth.

In a statement to the Emirates News Agency (WAM), Al Zeyoudi noted that this mutual commitment
to strengthening strategic relations, particularly in trade and investment, was clearly demonstrated
during the official visit of President His Highness Sheikh Mohamed bin Zayed Al Nahyan.

The visit included meetings, discussions, and the signing of agreements and memoranda of
understanding (MoUs) across various fields, including industry, advanced technology, artificial
intelligence, energy, healthcare, culture, education, scientific research, defence, transport, space,
mining, and economic partnerships with African nations. These agreements pave the way for
broader strategic collaboration between the two countries.

Al Zeyoudi added that these new agreements were complemented by the exploration of numerous
trade and investment opportunities between the business communities of both countries during
the UAE-Italy Business Forum, held in conjunction with the visit. The forum, attended by business
leaders from both sides, witnessed the signing of several agreements and MoUs between Emirati
and Italian companies, focusing on future economic sectors.

He highlighted that Italy is the UAE's top trade partner within the European Union, with non-oil trade
between the two countries reaching US$14.1 billion in 2024, marking a 21 percent increase
compared to 2023.

He further stated that the remarkable growth of over 50 percent in non-oil trade over the past five
years underscores the promising potential for further expansion in bilateral trade.
Expressing optimism about the long-term outcomes of President His Highness Sheikh Mohamed
bin Zayed Al Nahyan's visit to Italy, Al Zeyoudi emphasised that it marks the beginning of a new era
in the strategic relations between the two nations, built on achieving mutual benefits.

https://www.wam.ae/en/article/bifhsle-uae-italy-promising-partnerships-for-sustainable