ADIO partners with Italy’s CDP to boost investment and trade ties

Photo : Abu Dhabi Media Office

The Abu Dhabi Investment Office (ADIO) and Italy’s development bank, Cassa Depositi e Prestiti (CDP), have signed a new partnership to help businesses from both countries grow. This agreement will support Italian companies that want to start or expand in Abu Dhabi and also help UAE businesses find opportunities in Italy.

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The agreement was signed at the Italy-UAE Business Forum in Rome. The event was attended by important leaders, including His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, and Her Excellency Giorgia Meloni, Prime Minister of Italy. His Excellency Rashed Abdulkarim Al Blooshi, representing ADIO, signed the agreement along with Giovanni Gorno Tempini, Chairman of CDP. The signing happened during the official visit of Sheikh Mohamed bin Zayed to Italy.

The UAE and Italy have been working together more closely in recent years. This partnership makes their relationship even stronger. Prime Minister Giorgia Meloni also visited the UAE in 2023, showing the strong connection between the two nations. Trade between the UAE and Italy is worth more than AED 30 billion (€8 billion) every year, making Italy one of the UAE’s top trade partners. CDP helps Italian businesses by giving financial support and helping them expand into other countries. With this agreement, ADIO will introduce Italian companies to investment chances in Abu Dhabi.

This partnership will also help UAE businesses enter the Italian market more easily. To make this happen, ADIO and CDP will organize trade visits, seminars, and discussions. These events will help business owners learn about investment opportunities and market trends, making it easier for them to work together.

His Excellency Badr Al-Olama, Director General of ADIO, said, “Abu Dhabi is becoming an important place for business and investment. This agreement with CDP makes our relationship with Italy stronger and brings long-term benefits to both countries. ADIO will guide Italian businesses as they enter Abu Dhabi’s growing economy and help UAE businesses explore the Italian market. This partnership will not only open new business doors but also support investment and new ideas.”

CDP has big plans for the future. Between 2025 and 2027, it aims to invest €81 billion and reach a total of €170 billion with help from other investors.

Giovanni Gorno Tempini, Chairman of CDP, said, “This partnership with ADIO is a big step in growing the economic relationship between Italy and Abu Dhabi. The world is changing, and Italy and the Gulf countries are building new business connections that will bring investment and innovation. By using CDP’s network of Italian businesses and ADIO’s knowledge in attracting investment, we are helping companies in both countries grow and succeed.”

This agreement is an important milestone in the relationship between the UAE and Italy. It will help businesses from both sides find new opportunities, invest in each other’s markets, and grow together in the future.

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