A delegation from the Ministry of Foreign Trade, invited by the ’Gianni, Origoni, Grippo & Partners Law Firm’, the largest law firm in Italy accompanied by the Italian Ambassador in the UAE, has met with a number of Italian investors and showcased investment opportunities present in the UAE market.

Mr. Mohammed Nasser Hamdan al Zaabi, the Director of the Trade Promotion Department at the Ministry, stressed in a presentation he delivered on the UAE economy, that the UAE encourages business sectors from all over the world to invest and develop their resources in the UAE and that the country provides foreign investors with different forms of support through its economic policy that is based on the principles of a free market economy. Al Zaabi added that the UAE enjoys an advanced infrastructure and logistical services and a number of competitive free zones, which have encouraged many of the world’s leading companies to set up their regional headquarters in the UAE.

The UAE delegation’s tour has included visits to a number of main Italian economic centers such as Rome, Bologna and Milano, during which meetings were held with officials from the Italian Ministries of Foreign Affairs, Economic Development and Agriculture. The delegation also met with local authority representatives and visited Bologna Fiere’s Bologna Expo Center, which is the second largest expo center in the South European country.

Mr. Al Zaabi added that talks with the Italian officials and businessmen centered on inviting small and medium Italian enterprises to expand their operations and investments in the UAE, and to benefit from the many investment opportunities that the UAE business environment offers in many fields such as the food, packaging, waste management, advanced technologies and automobile-related sectors.

For his part, Mr. Renato Giallombardo, a primary partner and Middle East coordinator for "Gianni, Origoni, Grippo & Partners", underlined the importance of the Ministry’s visit to the UAE and their meeting with members of the Italian business community, adding that the investment climate in the UAE constitutes a promising opportunity to develop Italian businesses and increase their geographic expansion in the Middle East.

Mr. Giallombardo also commended the Ministry of Foreign Trade’s efforts to promote the UAE and create business links between the business communities of both countries.

Trade between the UAE and Italy during the first nine months of 2011 has reached USD 4.3 billion, registering a 35 percent growth from the same period in 2010.

UAE exports to Italy during the first nine months of 2011 were USD 221 million, registering a 66 percent growth from the same period in the previous year, its re-exports worth USD 153 million, registering a 41 percent growth, and its imports worth USD 3955 million, registering a 33 percent growth during the same period.

There are over 2255 registered trademarks, 403 business dealerships, and 75 Italian companies in the UAE today.

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