The United Arab Emirates (UAE) has pledged over $40 billion in investments across key sectors in Italy, reinforcing its economic ties with the European nation. This announcement follows a sharp rise in bilateral trade, which reached $14.1 billion in 2024—an increase of 21.2% from the previous year.
UAE: Expanding Economic and Strategic Cooperation
UAE President Sheikh Mohamed bin Zayed Al Nahyan and Italian Prime Minister Giorgia Meloni met at Chigi Palace in Rome to discuss trade, investment, and strategic collaboration. Their discussions resulted in more than 40 agreements covering priority sectors such as:
- Economy and investment
- Defence and security
- Energy transition and sustainable energy
- Space exploration
- Cultural heritage and exchange
The leaders also explored cooperation in infrastructure, high-tech industries, artificial intelligence, water technology, ICT, agriculture, SMEs, and healthcare.
A Commitment to Growth and Innovation
Sheikh Mohamed emphasized the UAE’s commitment to advancing trade and investment. He highlighted sustainability, artificial intelligence, and technological innovation as shared priorities. He also stressed the importance of cultural exchange, strengthening people-to-people ties between both nations.
Prime Minister Meloni welcomed the UAE’s investment and reaffirmed Italy’s commitment to expanding bilateral cooperation. She expressed confidence that these new agreements would boost economic growth and innovation in both countries.
With this investment, the UAE continues to expand its global partnerships, positioning itself as a key player in Europe’s economic landscape.
