Page 571 - MOE ENGLISH PR REPORT - MAY 2025 (Part 1)_Neat

5/27/25, 4:49 PM Third Edition of Investopia Europe kicks off in Milan advancing strategic partnerships and exploring opportunities in new economy, t…
adaptable policies and strategies that support comprehensive economic growth, particularly in
light of today’s rapid global economic shifts.

Italy: A Key trade partner for the UAE in Europe

H.E. continued: “The UAE considers Italy a key economic partner in Europe. The selection of
Milan – Italy’s capital of commerce and fashion – to host Investopia Europe reaffirms the

strength and depth of the economic ties between the two countries. Milan also serves as a

world-class hub for business and creative industries.”

11,000 Italian brands in the UAE:

The UAE’s exports to Italy increased by 50 per cent in 2024 to total USD 1.2 billion compared

to that of 2023. Currently, there are nearly 11,000 Italian brands operating across various
economic sectors in the UAE. As for bilateral investments, the UAE’s investments in Italy

reached around USD 81 million between 2019 and 2023, primarily in tourism, hospitality,
transport, and logistics. Meanwhile, Italian FDI inflows into the UAE reached approximately

USD 519 million during the same period, reflecting the growing momentum of economic and
investment exchanges between the two sides.

Invitation to the Italian business community:

H.E. Abdulla bin Touq invited the Italian business community to expand its investments in the
UAE and capitalize on the attractive incentives and advantages offered by the local business

environment. These include 100 per cent foreign ownership, the availability of more than 2,000
licensed economic activities, tax incentives, long-term residency options for investors and

entrepreneurs, a wide array of integrated and sector-specific free zones, and a comprehensive
legislative framework that encourages expansion in future economic sectors.

His Excellency emphasized the UAE’s keenness to enhance dialogue between the private
sectors of both countries through dynamic platforms such as the UAE-Italy Business Council

and the forthcoming Joint Economic Committee.

H.E. Alia Al Mazrouei, Minister of State for Entrepreneurship, participated in a session on

enhancing the leadership role of SMEs on the global stage. She stated: “The UAE and Italy

share a common vision for business and startup development. SMEs currently account for 95
per cent of all businesses operating in the UAE, while in Italy, small and family-owned

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