UAE-Italy trade hit $1.7 billion in 2000
The volume of trade exchanges between Italy and the United Arab Emirates (UAE) grew by nine percent in the first five months of 2001, compared with the corresponding period the previous year, official sources told Al-Bayan.
The Italian commercial attaché in Dubai, Eldo Folini, recently stated that the value of bilateral exchanges hit $1.7 billion in 2000 and anticipated this figure to grow 14 percent this year. The Italian official said that 65 Italian companies currently operate in the UAE, of which 15 are based in the Dubai Free Trade Zone.
An Italian fair was opened last week in Dubai, presenting mainly Italian-made jewelry, clothes and food products. The fair’s organizers expect more than 800 local companies to attend the exhibition seeking commercial contracts with the Italian enterprises. — (Mena Report)
© 2001 Mena Report (www.menareport.com)