Dubai offers promising market for Italian goods

(AGI) Turin, June 10 - Dubai could be a promising market forItalian exports, providing a gateway to 1.6 million people andpotential for re-exports to 120 countries including India,Iran, Pakistan, Algeria, Hong Kong, Libya and Saudi Arabia. Theeuro also works in favour of this "promised land" because ofits competitive edge over the dollar. President of the DubaiChamber of Commerce Hamad Buamin told AGI at the World ChambersCongress in Turin: "Italy is one of Dubai's most importantcountries. We are taking part in two events in Italy, with alarge stand at Expo Milan, focusing

(AGI) Turin, June 10 - Dubai could be a promising market forItalian exports, providing a gateway to 1.6 million people andpotential for re-exports to 120 countries including India,Iran, Pakistan, Algeria, Hong Kong, Libya and Saudi Arabia. Theeuro also works in favour of this "promised land" because ofits competitive edge over the dollar. President of the DubaiChamber of Commerce Hamad Buamin told AGI at the World ChambersCongress in Turin: "Italy is one of Dubai's most importantcountries. We are taking part in two events in Italy, with alarge stand at Expo Milan, focusing particularly on the foodindustry, and in Turin with large and small industry, from carsto fashion. Italian goods have become even more cost-effectivethan Chinese goods. The dirham is linked to the dollar, likeall the Gulf States' currencies, and I believe now is the timefor all the eurozone countries to take advantage of this." ADubai Chamber of Commerce delegation will visit Rome from Sept.8 to 10 for the World Retail Congress, an internationallarge-scale distribution conference, which will also be held inDubai in April next year. Mr Buamim said they would have astand geared to promoting Dubai as the next shoppingdestination, but that they were open to everything. "Dubai is agateway to the Middle East, Africa and South East Asia. Ourbusiness community wants to communicate with the rest of theworld, especially Italy, from which we import a great deal. Weare ready to re-export to Saudi Arabia, Qatar, North Africa,Egypt and East Africa. Therefore I think there are enormouspossibilities for Italian businesses to break into this hugemarket via Dubai." These could include energy, which onlyrepresents 30 percent of business with the Emirates, toinfrastructures, pharmaceuticals, art, fashion and food. (AGI). .