“Enhancing Investments in Digital Transformation, Climate & Technology Sectors: UAE-Italy Partnership”

Enhancing investments in the digital transformation, climate and technology sectors.
– Increasing the movement of trade and investments between Europe and the Middle East through the UAE-Italy portal.
Inviting Italian entrepreneurs to take advantage of investment opportunities in the UAE.

MILAN, May 23rd, WAM/ Emirati and Italian ministers, investors, and businessmen stressed during the “Investopia Europe” activities held in the Italian capital of trade, Milan, the importance of strengthening cooperation between the UAE and Italy, as the economies of the two countries enjoy great levels of integration, which contributes to increasing the movement of trade and investments. Between Europe through the gate of Italy and the Middle East through the gate of the Emirates.
They praised the promising investment opportunities offered by the UAE to investors from around the world, especially Italians, as well as the advantages and capabilities offered by the business and investment environment, in addition to the flexibility of economic legislation that reflects the stable investment climate that contributes to the sustainability of economic growth.
They said – during the “Investopia Europe” sessions – that promoting investments in the sectors of digital transformation, climate and technology would provide great investment opportunities in new areas of the economy.
They pointed out the importance of reshaping the supply, trade and production chains in a way that contributes to the establishment of a stable global economic environment that enhances the movement of global trade, especially as it has become a major engine for the growth and prosperity of the global economy.
His Excellency Giancarlo Giorgetti, Italian Minister of Economy and Finance, said that cooperation between the UAE and Italy is very important, as the two economies enjoy great levels of integration, which contributes to enhancing trade exchange and investments in the two friendly countries.
He added that “Investope Europe” is an important opportunity to review the untapped potential for cooperation between the two countries. He said: “I call on the UAE to pay attention to investment opportunities in Italy and benefit from the growth of the two economies. I also call on Italian entrepreneurs to take advantage of investment opportunities in the Emirates.”
He stated that the data related to the Italian economy is positive, as the GDP is growing rapidly, even faster than other European countries, and this growth is partly due to exports and international investments.
He added that Italy was able to reduce the various economic shocks as a result of the geopolitical changes the world is witnessing, thanks to the flexible policies that contributed to maintaining economic flexibility and restoring the banking and financial balance.
He pointed out that the countries of the world need to reshape the supply, trade and production chains with the aim of addressing the insufficient supply of public goods that would impede investments.
He said that investments in emerging economies are crucial as they ensure competitiveness and access to raw materials at a lower cost. Investments in digital and climate transformation are also important because they provide extraordinary investment opportunities in sectors of the new economy, which has many opportunities for business growth.
Investopia Europe included a main session entitled “Global Opportunities and Challenges”. .. In addition to a session entitled “New Trends for Investment in the Luxury Industry”, which examined the reasons for the changing and rapid growth in the market of industries and activities related to luxury and its growth opportunities in emerging markets.
Investopia Europe witnessed a session entitled “Investing for Growth between Sustainability and Responsibility” highlighting the importance of investment growth in various vital sectors in order to contribute to achieving the success of the global financial system. Changes in the global trade movement.
The participants also discussed the current global economic situation, the economic changes on the regional and international arena, the most important challenges that stand in front of the growth of the sectors of the future economy, and the consolidation of concepts of joint action on future directions.
For his part, Matteo Lonelli, President of Alatagama Corporation, said that the consumer community in the luxury market is growing strongly with luxury consumers around the world witnessing a strong growth trend.
He added that the world is facing an economy that is slowing down in some areas, but the consumption of the luxury sector is holding up well in light of the partnerships between major companies that give them the ability to withstand global challenges, in addition to working in fast-growing and different sectors such as “fashion, design, cars and hospitality.”
He said that the UAE enjoys positive economic indicators, pointing out that it is an important market for the trade of major and luxury brands, as it enjoys a leading tourism position in the world and attracts millions of tourists from around the world annually.
For his part, Attilio Fontana, President of the Lombardy Region, said that one of the important choices taken by “Lombardy” is to strengthen the relationship between the public and private sectors, as they support each other in order to stimulate development.
He added that Lombardy is located in the fastest growing region in Europe and this is due to the flexibility of entrepreneurs also derived from the family business model and there is an ability to adapt to market needs and address emergency issues such as rising energy costs, increasing inflation and other issues.
He referred to Lombardy’s cooperation with the UAE in supporting small and medium enterprises in foreign markets and promoting trade exchanges, adding that cooperation with the UAE is positive and involves mutual transfers of knowledge and technology in order to enhance the work environment and achieve sustainable economic and social development.
For his part, Salah Sharaf, Vice President of Sharaf Group, said that the UAE-Italian economic relations are witnessing continuous development, with great interest from the business communities in the two friendly countries in exploring promising investment opportunities, especially in the fields of machinery, technology, climate and batteries.

He pointed out that a large part of the robotic systems used in Sharaf Group warehouses are with Italian technology, stressing the importance of partnerships with Italian companies to establish economic blocs capable of benefiting from the opportunities available in the two countries.