Italy, which opened its national Pavilion at the Water, Energy, Technology, and Environment Exhibition (Wetex) and Dubai Solar Show, has endorsed Dubai Government’s vision to build a sustainable future.
Running until November 17, the exhibition hosts 28 Italian companies brought in by the Italian Trade Agency (ITA) in cooperation with the Embassy of Italy in the UAE and the Consulate General of Italy in Dubai.
The Italy Pavilion is located in Hall 4 of the Dubai World Trade Centre. Housed in the Pavilion are a selected number of companies specialised in the manufacturing of components and providing technologically advanced solutions for the renewable energy sector.
Renewable energy
When it comes to the UAE, Italy is the fourth exporting country of technologies used exclusively in renewable energy sources. Air or vacuum pumps, air or other gas compressors and fans, extractor or recycling hoods with built-in fans, account for almost 98% of the market share, while Insulating components made entirely of insulating materials or with simple metal connecting parts (excluding insulators for electricity); insulating tubes and their fittings are part of the category that saw the biggest spike in request from one year to the other (+183% in the first semester of 2023), followed by Devices for filtering or purifying water with 113% increase in the value of goods imported to the UAE until June 2023.
Lorenzo Fanara, Ambassador of Italy to the UAE, said: “I am proud to witness the presence of such a remarkable number of Italian companies at Wetex & the Dubai Solar Show, that embodies Italy’s dedication to driving sustainable innovation and fostering a greener economy.
“As a frontrunner in renewable energy, Italy has allocated over 2 billion euros ($2.17 billion) for the implementation of efficient circular economy strategies, providing infrastructure for green and resilient waste management and collection, in order to achieve the goal of sourcing 50% of the country's electricity from renewables by 2030. In the first half of 2023, Italy’s impact surged significantly, standing as the fourth-largest exporter of renewable energy technologies to the UAE market, which include advanced components and cutting-edge solutions. In particular, with a remarkable 183% increase in demand for advanced components made entirely of insulating material, we are proud to lead the way towards a cleaner, greener and more sustainable planet for all.”
Fully aligned
Amedeo Scarpa, Italian Trade Commissioner to the UAE, said: “Italy and the UAE are fully aligned in their efforts to tackle the current climate challenges and Wetex is the ideal platform to further develop the bilateral trade relationship in the renewable energy sector.
“With 134 million euros worth of products exported to the UAE in 2022, Italy is the second European supplier to this country when it comes to technologies for the renewable energy sector. The Italian export industry has been consolidating and growing in the first semester of 2023 with an increasing export of green technologies by 51%. “We are back at Wetex with even more skilled Italian companies as sustainability is a priority in our agenda; our motto this year is “Sustainability is SustainabITALY”.--TradeArabia News Service
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