Page 524 - MOE ENGLISH PR REPORT - MARCH 2025

sectors. It underscores their joint efforts to address global security challenges through advanced
defence solutions.

Italy is the UAE's top trade partner within the EU, with non-oil trade reaching US$14.1 billion in
2024—a 21% increase from 2023. Over five years, non-oil trade grew over 50%, highlighting
potential for further expansion. Dr. Al Zeyoudi expressed optimism about long-term outcomes from
Sheikh Mohamed bin Zayed Al Nahyan's visit.

The Abu Dhabi Investment Office (ADIO) signed a strategic partnership with Cassa Depositi e
Prestiti (CDP) to boost Italian investments in Abu Dhabi while enabling Emirati companies to
explore opportunities in Italy. ADIO also partnered with Italian telecommunications group TIM to
establish a regional headquarters in Abu Dhabi.

Future Prospects and Collaborative Efforts

These partnerships build on past agreements like the Economic Cooperation Agreement of 1984
and the Investment Promotion Agreement of 1995 between both governments. Through these
collaborations, the UAE and Italy will explore investment opportunities by connecting businesses
across various value chains.

The recent agreements signify a new era in UAE-Italy relations focused on mutual benefits. They
highlight the UAE's commitment to impactful partnerships that anticipate future trends and foster
shared prosperity while strengthening longstanding ties between the two nations.

https://www.onearabia.me/local/uae-italy-promising-partnerships-sustainable-future-011-
100817.html