Sheikh Mohammed bin Faisal Al Qasimi, Chairman of the Italian Chamber of Commerce and Industry in the United Arab Emirates (UAE) stressed upon the importance of trade relations between the UAE and Italy. The growth of trade volume to $8 billion in 2015 (6.5 billion Italy’s exports to the UAE, $1.5 billion and imports), and expected increase of 10% this year, will make Italy the third largest European trade partner of the UAE.

He also mentioned that the UAE occupies 15th most important position in terms of export to Italy market at 1.5% of the total Italian sales last year, indicating that the Italian Chamber of Commerce has made great contributions to the development of the partnership between UAE and Italy, and that in 2015 it provided support for 750 joint venture between the two sides.

Sheikh Mohammed bin Faisal praised the Italy visit of H.H Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, as well as of H.H Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai, which helped a lot in the development of inter-relations between two countries.

Mohammed bin Faisal said that the Chamber’s target is to improve its performance during the next period in order to serve the interests of both countries, as Italy is considering UAE as a strategic partner in several areas.

The opening of the new main centre of the Chamber in Dubai will serve those interests better, so Italian Chamber of Commerce office in the UAE moved to Dubai in May 2015 and is located in Dubai Down Town area in the 48 Burj gate tower, boosting its presence in the UAE and to give a greater centralization to its activities.