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Ahli (left) with Finozzi (centre) and Riolfo (right) signing the deal

Italy's Veneto region signs deal to boost bilateral trade

DUBAI, December 15, 2014

A high-powered delegation from the Italian Ministry of Tourism and Trade recently signed a memorandum of understanding (MOU) with Dubai FDI, the investment promotion agency of Dubai Economic Department (DED), to boost industrial and trade ties between the Veneto Region of Italy and Dubai.

Bilateral trade between Italy and the UAE stood at Dh34.3 billion ($9.3 billion) last year and is estimated to rack up a creditable 15 per cent rate of growth this year.

“Both Venice and Dubai have grown to be important trading centres today and have had similar beginnings as bustling ports harnessing maritime trade. By working together and building synergies between our two regions, we can effectively tap into what is a market of enormous promise,” said Marino Finozzi, Minister of Trade and Tourism from the Veneto region of Italy.

“Veneto, a region in Northern part of Italy, is a popular tourism destination with Venice as its main draw, and we are keen to tap the Arabian travellers and increase our share of tourist arrivals from the region,” Finozzi said.

The bilateral MOU was signed by Massimiliano Riolfo, president and CEO of Industrial and Technological Pole (ITP) Venice and Ibrahim Hussain Ahli, director support and promotion division, Dubai FDI, DED in the presence of Finozzi at the Raffles Hotel in Dubai.

Making their first foray into the region, ITP Venice also announced the opening of their new office in Dubai, in order to generate fresh business opportunities across the region.

“Opening our office in Dubai brings us into the commercial and trading heart of the thriving Middle East region, which presents companies from our region with myriad business opportunities,” said Riolfo.

“We would like to thank Dubai FDI for rolling out the red carpet and making it easy for us to begin operating here,” he said. – TradeArabia News Service




Tags: Dubai | Italy | Trade |

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