Ras Al Khaimah Ruler holds talks with Italian Ambassador on trade and economic relations | Business | Ammon News

Ras Al Khaimah Ruler holds talks with Italian Ambassador on trade and economic relations

[1/29/2019 6:50:51 AM]

AMMONNEWS -His Highness Sheikh Saud bin Saqr Al Qasimi, UAE Supreme Council Member and Ruler of Ras Al Khaimah, today welcomed the Italian Ambassador to the UAE, Liborio Stellino, to Ras Al Khaimah for discussions on trade.

Sheikh Saud and Ambassador Stellino reviewed details of the long-standing cooperation between Ras Al Khaimah and Italy and discussed ways to further develop trade and economic relations.

The Italian Ambassador praised the level of trade and investment relations between Ras Al Khaimah and Italy, stating that an advantageous investment climate was luring more Italian companies here. He also commended the increasing level of tourism from Italy to these shores.

At present, there are 9 Italian companies operating under Ras Al Khaimah Economic Zone (RAKEZ), with interests ranging from automotive assembly, water treatment, wooden door and window building, scrap metal and even cheese manufacturing. Italfood, a popular artisan brand of cheese in Italy, creates authentic creamy mozzarella from its facility in Ras Al Khaimah, supplying the whole of the UAE.

Visitors to Ras Al Khaimah from Italy increased by 3.74% in 2018 compared to the previous year and RAK Tourism Development Authority has conducted workshops for the travel trade to increase destination awareness in Milan, Rome and Turin in recent years. On February 21, 2019, Ras Al Khaimah will host the Ferrari Cavalcade, an international event that will see 200 Ferrari owners from across the globe descend on Jebel Jais to drive their supercars to the peak of the UAE’s highest mountain.

His Highness Sheikh Saud said:
“Italy is an important trade partner with Ras Al Khaimah and that partnership is only becoming stronger as we develop our capacity to attract and retain investment from a variety of sectors.
Ambassador Stellino and I will continue to discuss ways of further improving our bilateral trade.”
The meeting was attended by a number of senior Government of Ras Al Khaimah officials.

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