UAE and Italy A historical friendship and a mutual desire to develop and protect common interests

Massimo Falcioni

CEO of Etihad Credit Insurance (ECI)

Over the years, the UAE and Italy have shared strong bilateral relations. In fact, Italy has always been among UAE's top European trade partners, with the relationship evolving as the UAE’s strategy to diversify its economy expanded. In 2020, Italy was the main European trade partner of the UAE, with €8.4 billion ($10.1 billion) of trade value. 

A remarkable feat that cemented Italy’s importance as a hub for trade and investment for the UAE! Despite the pandemic-induced economic jolt, the UAE economy has proved resilient to the slowdown in the global economy, thanks to its dynamic economy, openness, and GDP per capita among the highest in the world. This has only further strengthened UAE’s trade relations with Italy.