From organic food companies that sell ancient Sicilian grains to the first Italian-made burkini, businesses from the Mediterranean country are setting up in the UAE and prospering in numbers like never before.
Part of the reason for their success is the Abu Dhabi Italian Business Centre, which was set up to give companies a chance to expand beyond the difficult business environment at home.
Over the past decade, with a poor economy at home, Italian companies have increasingly looked to more prosperous markets, such as the UAE, to set up shop.
Mirella Morelli, founder of Elasmoda, which has been creating beachwear since 1993, is one such businesswoman who has entered the UAE market, and with a product that is sure to turn heads.
She is developing a “new, innovative” burkini specifically for the UAE, to pay respect to local customs concerning women’s fashion, as well as to add “more of the Made in Italy beauty”. The burkini is set to be embellished with Swarovski crystals.
“The idea of having our beachwear worn in the UAE was driven by our desire to grow as a business after we searched long for a country that would offer this opportunity,” Ms Morelli said.
“So when we came across the Italian Business Centre in Abu Dhabi, it was the perfect union for us.
“Italy is a beautiful country, but there are many things that prevent business growth in the political world, so by putting our products in another country we can add more value to our company.”
Francesco Favaro, the co-founder and director of the business centre, said many businesses in Italy are struggling but setting up in the UAE is difficult because some of the early Italian investors here did not earn trust.
“A lot of Italian companies came here and said, ‘we can do this and that’, but then they went back to Italy and they disappeared after they take the money,” said Mr Favaro.
“We want to build the market trust in Italian companies, that we are here, the office is here, they can come and see and touch the place.”
Since the centre started in 2015, it has provided six companies that offer different products with a structure, licence, sponsorship and also connections with local clients.
The lure of Italian companies, according to Mr Favaro, is “the capacity of Italians to pay attention to details like nobody else”.
“If I see a floor I can tell you if it has been done by an Italian, because there are not two tiles that are different from each other,” he said.
Another company to benefit from the UAE market and the centre is New Commerce Generation, which produces bread, pizza and biscotti from traditional Sicilian grains. The grains are said to enhances digestion because they contain about 50 per cent less glutathione when compared to modern grains.
“Our advantage in being in the UAE market is to expand - not only our business in a fully evolving market but also to make you appreciate more and more the Made in Italy brand,” said Marco Aristide, general manager of the company.
Similarly, Sevitex, an active producer of linen for renowned hotels, restaurants, cruise ships and sports clubs across Italy since 1969, said that by becoming a supplier in the UAE, they will have the chance to increase the visibility of their brand in Italy and in other countries.
“And to verify if our competitiveness and quality can also be appreciated in other countries,” said Gianluca Sevi, CEO of Sevitex.
“The first country we have chosen is the UAE - where hospitality is one of the most important fields that is in constant growth.”
After frequent visits to study the market in Abu Dhabi and Dubai over the past two years, Sevitex decided to join the centre because “for a company that is trying to open a new market in a new country, the knowledge and experience of ADIBC in the UAE has been of help to us,” said Mr Sevi.
What is double taxation?
- Americans living abroad file taxes with the Internal Revenue Service, which can cost hundreds of dollars to complete even though about 60 per cent do not owe taxes, according to the Taxpayer Advocate Service
- Those obligations apply to millions of Americans residing overseas – estimates range from 3.9 million to 5.5 million – including so-called "accidental Americans" who are unaware they hold dual citizenship
- The double taxation policy has been a contentious issue for decades, with many overseas Americans feeling that it punishes them for pursuing opportunities abroad
- Unlike most countries, the US follows a citizenship-based taxation system, meaning that Americans must file taxes annually, even if they do not earn any income in the US.
If you go
Where to stay: Courtyard by Marriott Titusville Kennedy Space Centre has unparalleled views of the Indian River. Alligators can be spotted from hotel room balconies, as can several rocket launch sites. The hotel also boasts cool space-themed decor.
When to go: Florida is best experienced during the winter months, from November to May, before the humidity kicks in.
How to get there: Emirates currently flies from Dubai to Orlando five times a week.
The Little Things
Directed by: John Lee Hancock
Starring: Denzel Washington, Rami Malek, Jared Leto
Four stars
Company%20Profile
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Specs
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Avengers 3: Infinity War: an American superhero film released in 2018 and based on the Marvel Comics story.
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Lucifer: is a 2019 Malayalam-language action film. It dives into the gritty world of Kerala’s politics and has become one of the highest-grossing Malayalam films of all time.
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COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
COMPANY%20PROFILE
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TO A LAND UNKNOWN
Director: Mahdi Fleifel
Starring: Mahmoud Bakri, Aram Sabbah, Mohammad Alsurafa
Rating: 4.5/5
City's slump
L - Juventus, 2-0
D - C Palace, 2-2
W - N Forest, 3-0
L - Liverpool, 2-0
D - Feyenoord, 3-3
L - Tottenham, 4-0
L - Brighton, 2-1
L - Sporting, 4-1
L - Bournemouth, 2-1
L - Tottenham, 2-1
What is graphene?
Graphene is extracted from graphite and is made up of pure carbon.
It is 200 times more resistant than steel and five times lighter than aluminum.
It conducts electricity better than any other material at room temperature.
It is thought that graphene could boost the useful life of batteries by 10 per cent.
Graphene can also detect cancer cells in the early stages of the disease.
The material was first discovered when Andre Geim and Konstantin Novoselov were 'playing' with graphite at the University of Manchester in 2004.
Name: Brendalle Belaza
From: Crossing Rubber, Philippines
Arrived in the UAE: 2007
Favourite place in Abu Dhabi: NYUAD campus
Favourite photography style: Street photography
Favourite book: Harry Potter
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UAE currency: the story behind the money in your pockets
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Business Insights
- Canada and Mexico are significant energy suppliers to the US, providing the majority of oil and natural gas imports
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- US domestic suppliers might benefit from higher prices, but overall oil consumption is expected to decrease due to elevated costs
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