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The Dubai Multi Commodities Center announced that the number of Italian companies registered in its free zone has grown to more than 500 companies, representing an increase of 6% since the beginning of this year..
This announcement came as a culmination of the success achieved by the DMCC in concluding its direct promotional tour “found for trade” in Italy, which was held in Milan and Rome, and which focused on key sectors, such as gems, jewelry, luxury and fashion, where it highlighted The center sheds light on the prospects for opportunities available to Italian companies looking to expand their business in the international market from Dubai, within the framework of strengthening the growing economic relations between the United Arab Emirates and Italy..
The recent visit of the Dubai Multi Commodities Center to Italy comes in the wake of the remarkable growth in the volume of trade exchange between the two countries, as the value of bilateral trade exceeded $9 billion during the year 2023. In addition to the fact that the UAE enjoys a well-established position as Italy’s largest trading partner in the Arab world, this growth in… Italian exports reflect the attractive investment environment in the UAE, especially since it is distinguished by its advanced infrastructure, enjoys a strategic location, and adopts a strong regulatory framework, which provides Italian companies with an optimal opportunity to expand and move towards new markets..
Ahmed Bin Sulayem, CEO and Executive Director of DMCC, said: “With bilateral trade reaching nearly US$9 billion in 2023, the UAE has become Italy’s number one trading partner in the region, and our relations are rapidly strengthening every year. We currently host more than 500 Italian companies in our free zone, attracted by DMCC’s value proposition and business environment that offers business-friendly systems and regulations, world-class infrastructure and a highly competitive corporate tax rate of 9%. From technology and jewelery to gems, coffee and energy, I look forward to seeing more Italian companies joining DMCC in the coming years as we continue to benefit from our growing trade and investment relationships.»
The roadshow events were held in both cities in partnership with Corbelo Cardo, Gravanti & Raimo, Forbes Italia, and the Courmayeur et Grande Joras Golf Club. DMCC senior executives briefed nearly 180 Italian business leaders from various sectors on the advantages of doing business in Dubai from DMCC, which is one of the most connected and interconnected business districts in the world..
