There are over 600 Italian firms already current within the United Arab Emirates which, with a worth of commerce to and from Italy of 8.7 billion euros in 2023 (up 8.6% in comparison with 2022), characterize the primary outlet marketplace for our exports within the Center East.
We primarily export equipment, luxurious merchandise (clothes, leather-based items, footwear, goldsmithery and jewelry), family merchandise and chemical merchandise, however sectors comparable to digital, applied sciences and biomedical are more and more gaining floor. In 2023, based on information from the Ministry of International Affairs, gross sales of Made in Italy merchandise to the Emirates got here shut to six.7 billion euros (in comparison with 6 billion in 2022 and 4.8 in 2021), whereas imports (particularly oil ) are primarily secure round 2 billion euros.
Repeatedly growing interchange
«Interchange is regularly growing – confirms Giovanni Bozzetti, president of EFG Consulting, the strategic consultancy and internationalization course of firm that organized the Investopia Europe occasion in Milan in collaboration with the Ministry of Financial system of the UAE -. Emiratis love Made in Italy and Italians as a result of they’ve traits much like theirs, even in the way in which of doing enterprise: for instance, they offer a number of significance to household ties, to interpersonal and human relationships, which for them are additionally basic in industrial relationships” .
The affirmation comes from the evaluation of Italian market shares within the Emirates, of which Italy is the eighth provider globally: in comparison with the primary European opponents, Italy in 2023 was the second nation by way of export worth, with the 2nd .5% market, dropping one place in comparison with 2022 in favor of Germany, however the alternatives stay superb. Within the “basic” sectors of the so-called “3F”, explains Bozzetti, but additionally in these linked to hospitality, development and infrastructure, given the spectacular investments made by the UAE authorities lately in favor of a diversification of the economic system in comparison with Oil & Gasoline.
It’s the truth is attention-grabbing to look at the info and GDP progress forecasts supplied by the federal government: in 2023 the added worth elevated by 3.4%, however that linked to the “Non-Oil” sectors grew by 5.9%. Equally, in 2024, the general GDP is predicted to extend by 4.2%, whereas that of the Non-Oil business by 4.7%, whereas in 2025 the previous will improve by 5.2%, the latter by 4 ,7%.
#Dubai #gateway #Africa #Center #East #Italian #firms
2024-05-14 06:51:48