LOOKING to capitalise on surging trade and tourism ties between the UAE and Italy, a high-powered delegation from the Italian Ministry of Tourism and Trade (Veneto region) signed a memorandum of understanding (MoU) with Dubai FDI, the investment promotion agency of Dubai Economic Department (DED), designed 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.Finozzi observed that the purpose of his visit was to promote bilateral trade and tourism and underscore the importance of the Veneto region to the regional travel trade during a session highlighting Veneto’s nature, history, art, culture and entertainment that make it an unforgettable holiday destination. “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.” Veneto region is also rich in engineering, design and high tech enterprises dealing in telescopes, radio-telescopes, astronomical observatories and scientific equipment, to the design and manufacturing of turn-key plants for plastics and polymer processing.