New business relationships between Italy and UAE

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New business relationships between Italy and UAE

The UAE and Italy held a series of bilateral discussions in Milan aimed at boosting economic relations and creating new investment opportunities in economic sectors, including renewable energy, tourism and financial technology.

“The UAE and Italy share strong, continuously evolving relations, with the unlimited support of both leaderships. Our ties will continue to grow in all aspects, supporting common interests and prosperity,” Abdullah bin Touq, the UAE’s Minister of Economy, said.

Mr bin Touq urged Italy's private sector to seek opportunities in the UAE and highlighted the incentives offered by the country to boost growth through platforms such as Investopia as well as comprehensive economic partnership agreements.

“We will work alongside our partners in the UAE to enhance bilateral relations and increase trade and investment exchanges in the fields of technology and circular economy, and other areas of common interest,” said Giancarlo Giorgetti, Italy's Minister of Economy and Finance.

In March last year, Italian Prime Minister Giorgia Meloni met President Sheikh Mohamed in Abu Dhabi, where they witnessed the signing of several agreements.They also discussed ways to build a strategic partnership between the two countries, especially in the economic, investment and trade sectors.

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