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By
Ansa
Published
Dec 10, 2015
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Made in Italy exports to the Emirates expected to grow by 8.3% in 2017

By
Ansa
Published
Dec 10, 2015

Made in Italy exports to the United Arab Emirates are expected to grow by 8.3% in the next two years. According to the forecasts of a survey sponsored by the Italian Embassy in the Emirates, the Italian Consular office in Dubai, the Intesa Sanpaolo bank and its research centre SRM, Italian exports to the Emirates will grow by 8.3% in 2017, and will be worth $8 billion. The combined 'made in Italy' sectors of food, fashion, jewellery and furniture will accordingly head towards the $4 billion mark.


"The value of trading interchange between Italy and the Emirates is currently set at $8 billion; exports account for 90% of the total, and are valued at $7.1 billion, a figure that's grown four-fold in the last 15 years," explained Ferdinando Angeletti, General Manager of the Intesa Sanpaolo Dubai hub branch. "In terms of industrial products alone, Italy's exports to the Emirates are worth $6.4 billion, chiefly in the mechanical engineering ($1.8 billion) and precious metals ($1.6 billion) sectors. The 'made in Italy' sector for food, fashion, jewellery and furniture is worth $3 billion, equivalent to a 5.3% market share."
 

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