In a clear indication of the ongoing development in international economic relations, the Dubai Multi Commodities Centre announced a 10% growth in the number of registered Italian companies over the past twelve months. This expansion reflects the notable success of the centre’s role in enhancing trade between Dubai and Italy, with the total number of registered Italian companies exceeding 530.
Strengthening Trade Links Between Dubai and Italy
This announcement came at the conclusion of the centre’s latest promotional tour as part of its well-known series “Made for Trade,” in the cities of Naples and Palermo. This tour was dedicated to strengthening regional trade links between Dubai and Southern Italy, where more than 260 Italian business leaders were introduced to the importance of Dubai as a global hub for trade and innovation.
The Role of the Dubai Multi Commodities Centre
Ahmed Bin Sulayem, CEO of the Dubai Multi Commodities Centre, emphasized that the “established bilateral relations” between the UAE and Italy play a pivotal role in enhancing trade. He predicted that non-oil trade between the two countries would reach $14 billion by 2024. He stressed that the recent growth, which calls for a 10% increase in the number of Italian companies, is strong evidence of this momentum.
Potential for Economic Cooperation and Integration
The significance of these promotional tours lies in their ability to highlight the potential for enhancing trade and investment at the regional level. The integration between Dubai and Southern Italy is evident, as both regions serve as strategic gateways to their respective continents. They boast world-class ports and integrated logistics services, as well as a diverse array of well-known goods and industries, ranging from coffee and agricultural products to energy and minerals.
The Dubai Centre’s Commitment to Italian Investment
With over 500 Italian companies successfully operating from the Dubai Multi Commodities Centre, the centre demonstrates its ongoing commitment to enhancing the competitive advantages it offers. Therefore, the centre aims to establish itself as the preferred destination for Italian companies looking to set up operations, expand their reach, and access valuable global markets.