Abu Dhabi Chamber, Italy’s CDP Sign MoU to Strengthen Investment and Trade Ties
The Abu Dhabi Chamber of Commerce and Industry has signed a Memorandum of Understanding (MoU) with Cassa Depositi e Prestiti (CDP), Italy’s national promotional institution, during the UAE-Italy Economic Forum in Rome, organized by the Italy-UAE Business Council and ADIO.
Signed by H.E. Shamis Al Dhaheri, Second Vice Chairman of the Chamber, and Mr. Dario Scannapieco, CEO of CDP, the agreement aims to enhance bilateral trade and investment in key sectors such as clean energy, advanced industries, technology, biotechnology, logistics, and tourism, while supporting SME expansion into new markets.
Italy is the UAE’s leading non-oil trading partner within the EU, with bilateral trade reaching AED 51.8 billion (US$14.1 billion) in 2024—a 21% rise from the previous year.
H.E. Al Dhaheri said the partnership strengthens Abu Dhabi’s position as a global investment hub and a gateway to regional markets. Mr. Scannapieco added that the MoU will expand opportunities for Italian firms and drive collaboration in industrial and renewable energy sectors.
The agreement supports Abu Dhabi’s Vision 2030 goals to diversify the economy, attract foreign investment, and promote innovation-driven, sustainable growth.
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