RAKEZ Strengthens UAE–Italy Investment Dialogue During Milan Business Mission

RAS AL KHAIMAH, (UrduPoint / Pakistan Point News / WAM - 23rd May, 2025) Ras Al Khaimah Economic Zone (RAKEZ) successfully led a business mission to Milan, reaffirming its role as a bridge between global markets and the UAE.

As part of the mission, RAKEZ hosted an exclusive business breakfast with senior Italian industry leaders and took part in the third edition of Investopia Europe, contributing to high-level discussions around global investment trends and economic partnerships.

The visit comes at a time of growing momentum in the UAE–Italy relations. Non-oil trade between the UAE and Italy reached US$14.1 billion, marking a 21 percent year-on-year increase and more than 50 percent growth over five years. Italy now stands as one of the UAE’s top trading partners within the European Union, with growing collaboration in various future-oriented sectors.

Against this backdrop, RAKEZ’s business breakfast in central Milan served as a strategic platform to explore these opportunities in more depth. The event brought together leaders from the automotive, engineering, luxury goods, and F&B sectors, offering a focused forum for discussing investment frameworks, expansion strategies, and the advantages of operating within Ras Al Khaimah’s dynamic ecosystem.

Among the highlights was a guest session by Michele Ammirati, Managing Partner at Well Tax—a long-standing partner of RAKEZ—who shared valuable insights into the UAE’s tax system and its comparative advantages for European businesses.

RAKEZ CEO Ramy Jallad said, “Italian businesses bring world-class expertise, product excellence, and a spirit of innovation—qualities that align closely with the vision we’ve built at RAKEZ. Our goal is to provide them with a platform that’s not only cost-effective and efficient but also built to support their long-term ambitions. From manufacturing to advanced services, we offer the flexibility, infrastructure, and access companies need to scale in the UAE and beyond.”

RAKEZ currently supports a thriving community of over 30,000 companies, including more than 600 Italian ventures such as Italfoods, Emainox Kitchen Furniture Manufacturing, Neos middle East, Siti BT Middle East, and Misano Middle East. These companies benefit from simplified set-up processes, scalable facilities, and personalised support tailored to their growth ambitions.

Following the breakfast, Jallad participated in Investopia Europe, joining global investors and thought leaders to discuss evolving economic trends and the shifting geography of global opportunity. His participation reflected RAKEZ’s strategic role not just as a business enabler, but as a thought partner in shaping the future of investment between Europe and the Middle East.

Through this mission, RAKEZ continues to strengthen its global footprint and promote Ras Al Khaimah as a gateway for international businesses seeking to expand into the Middle East, Africa, and Asia.