UAE and Italy Forge Stronger Economic Ties with New Strategic Partnerships

UAE, 3 March, 2025 : Economic relations between the UAE and Italy are on an upward trajectory, driven by leadership support and strategic investments in key sectors. The recent state visit of President His Highness Sheikh Mohamed bin Zayed Al Nahyan to Italy has paved the way for new partnerships and joint investment projects.

Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, highlighted that UAE-Italy ties are experiencing one of their most prosperous periods, with a shared commitment to long-term economic collaboration. The visit included meetings, discussions, and agreements across diverse fields such as technology, AI, energy, healthcare, education, defence, and space exploration.

The UAE-Italy Business Forum, held alongside the visit, facilitated trade and investment discussions, resulting in several agreements between Emirati and Italian companies. Italy remains the UAE’s top trade partner within the EU, with non-oil trade reaching $14.1 billion in 2024, a 21% increase from 2023.

The UAE Ministry of Investment signed three MoUs with Italy to boost cooperation in pharmaceuticals, minerals, data centres, and AI. Masdar, TAQA, and Italy’s Eni S.p.A. also signed an agreement to advance clean energy projects in collaboration with Albania.

EDGE Group strengthened its defence sector ties with ELT Group, while the Abu Dhabi Investment Office (ADIO) signed a strategic partnership with Cassa Depositi e Prestiti (CDP) to facilitate Italian investments in Abu Dhabi. ADIO also partnered with Italian telecom giant TIM to establish a regional HQ in Abu Dhabi, enhancing the emirate’s role as a global tech hub.

These partnerships build on longstanding UAE-Italy economic agreements, reinforcing their commitment to innovation, trade expansion, and shared prosperity.