The recent announcement by the Dubai Multi Commodities Centre (DMCC) highlights a significant trend—the 10% growth in the number of Italian companies within the DMCC over the past year. This growth has positioned Dubai as a key hub for Italian businesses, with the total number of companies from Italy exceeding 530. The DMCC’s latest promotional tour, part of the “Found for Trade” series, aimed to strengthen commercial ties between Dubai and Southern Italy, unveiling new opportunities for fruitful collaboration.
Strengthening Trade Ties
During the recent tour in Naples and Palermo, over 260 Italian business leaders were introduced to Dubai’s esteemed position as a global center for trade and innovation. This initiative highlights the pivotal role that the DMCC plays in supporting enterprises from around the globe in establishing their operations and seamlessly connecting them within global value chains. Such efforts significantly contribute to the expansion and prosperity of these companies in international markets, reflecting the 10% growth in the number of Italian companies in the DMCC.
A Fast-Growing Market
The backdrop of increasing trade relations between the UAE and Italy is encouraging. In 2024 alone, the non-oil trade value between the two nations surpassed $14 billion, further indicating an annual growth exceeding 20%. The DMCC sees considerable potential to solidify these connections across strategic sectors for both parties, particularly in agriculture, coffee, precious metals, and energy.
Future Outlook
Ahmad bin Sulayem, the Executive Chairman and CEO of the DMCC, underscored the strong bilateral relationships that bind the two countries. He stated, “With the non-oil trade volume between the UAE and Italy reaching $14 billion in 2024, we have observed a 10% growth in the number of Italian companies in the DMCC over the past twelve months. Our recent promotional tours in Naples and Palermo emphasize this strong momentum and highlight the substantial opportunities available to enhance regional trade and investment between Dubai and Southern Italy.”
Bin Sulayem elaborated on the clear synergies between both regions, indicating that they represent strategic gateways to their respective continents, equipped with world-class ports and logistics services. The DMCC remains committed to fostering competitive advantages, establishing itself as the preferred destination in Dubai for Italian companies looking to establish and expand their operations while accessing high-value global markets.