ITALY has firmly established itself as a key player in the UAE's oil and gas sector, securing a 10 per cent share of the market.
This impressive standing is a result of Italy's commitment to delivering high-quality, technologically advanced solutions tailored to the UAE's unique energy landscape.
At the heart of Italy's success in the UAE is the active role played by the Italian Trade Agency (ITA), which supports Italian companies through strategic trade missions, industry partnerships, and market insights.
Speaking exclusively with OGN energy magazine, Valerio Soldani, Commissioner ITA, Dubai, said Italian companies have become trusted partners, particularly in critical areas such as midstream infrastructure, valves, turbines, and LNG storage.
Below are excerpts from the interview.
Italy currently holds a 10 per cent share in the UAE's oil and gas equipment market.What do you attribute this success to?
Italy's 10 per cent share in the UAE's oil and gas equipment market reflects our unwavering commitment to delivering high-quality, technologically advanced solutions tailored to the region's specific needs.
Italian companies are known for their innovation and reliability, particularly in critical areas like midstream infrastructure, valves, turbines, and LNG storage solutions.
This reputation, combined with Italy's support for sustainable practices and energy efficiency, has helped us establish Italy as a trusted partner within the UAE market.
Can you provide an overview of Italy's market value in the UAE's oil and gas sector and its growth trajectory?
Italy's export of industrial goods and machinery to the UAE reached €4.5 billion ($6.6 billion) in the first half of 2024 alone, marking a growth of 22 per cent over the previous year.
This increase highlights the UAE's strong demand for Italian expertise across the energy value chain.
This story is from the December 2024 edition of Oil and Gas News.
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This story is from the December 2024 edition of Oil and Gas News.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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