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  • 13-05-19

    UAE, Italy explore investment ties

    (MENAFN) The United Arab Emirates (UAE) is exploring with Italy the potential of making joint investments within Africa and Asia.

    Trade Commissioner in the UAE Gianpaolo Bruno confirmed that Italy is seeking the move in order to strengthen its trade and investment ties with the UAE.

    According to the commissioner, "we would like to engage UAE sovereign wealth funds to be partners ... in Africa to joint venture with them and to fund projects, as ... Africa will be the next lion [big market] in economic terms."

    Bruno added "Southeast Asia would be another destination. Countries look more and at China and Southeast Asian countries ... [and] we are also looking at that as well."

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