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With a value of close to 135 million euros (annual average), Italy is the third largest component supplier in the UAE’s oil and gas industry, accounting for 10% of the industry’s global exports. With strong trade relations with the UAE, Italy will showcase 130 professional companies at the 2021 Abu Dhabi International Petroleum Exhibition (ADIPC 2021) this week.
The official Italian national pavilion (28 companies) is organized by the Italian Trade Agency (ITA) in cooperation with the Italian Embassy in the UAE, the Italian Consulate General in Dubai and the Italian Association ANIE-National Federation of Electrical and Electronic Companies, ANIMA-Italian Machinery and Engineering Industry Federation of Associations, ANIMP-Italian Industrial Equipment Engineering Association and FEDERTEC-Italian Fluid Power, Power Transmission, Intelligent Automation and Industrial Products and Process Control Electromechanical Technology and Components Association.
The Italian expertise on display at ADNEC Abu Dhabi National Exhibition Center includes manufacturers of valves, pumps, turbines, actuators, welders, compressors and pressure equipment.
ADIPEC 2021 is the first global energy forum after the pandemic to discuss the key decisions of the United Nations Climate Conference COP26 held in the UK earlier this month. This week’s forum will provide thought leadership, direction and strategies that will form strategic and policy responses as the oil and gas industry shifts to providing net-zero energy.
His Excellency Nicola Lener, Ambassador of Italy to the UAE Said: “Italy is continuing to promote international expansion in multiple areas, including wise and prudent investments in oil and gas, to maintain its leading position in this field. With the promotion of renewable energy, increased hydrogen absorption and carbon neutrality in the future, Increasingly, Italy’s investment in R&D will keep the country at the forefront of this exciting transformation. Many of the Italian companies that participated in ADIPEC this week stood out because of their technological leadership. They are helping to find opportunities and continue to Unleashing new value in the changing energy landscape.”
Amedio Scarpa Trade Commissioner of Italy in the UAE continue, “Italy’s expertise in the energy sector is well-known worldwide. In fact, Italy is one of the main component suppliers in the UAE’s oil and gas industry. In the first semester of 2021, Italy’s exports of parts and components to the UAE amounted to 69 million euros, compared with 49 million euros in the same period in 2019. This shows that Italy has fully recovered its position after the pandemic, and the strength and reliability of our UAE-Italy win-win trade relationship in this field is once again stronger than ever. “
Comment on attending ADIPEC, Maria Antonietta Portaluri, General Manager ANIE, Said: “The UAE has a trade surplus of about 500 million euros, and is a strategic area for Italian electrical engineering and electronics companies to internationalize, especially the oil and gas market. ADIPEC is an excellent display of Italian manufacturing technology and has participated in product portfolio updates in recent years. Process to deal with the new challenges of the scenario. In the current recovery phase, this role is even more important-after the Covid crisis led to the economic downturn-on a global scale, the oil and gas industry has also begun new investments.”
Animp President Antonio Cardeddu (Antonio Cardeddu), When talking about the importance of the UAE market, he said: “The total revenue of the Italian factories and related parts and services industry is close to 200 Euros. With more than 500,000 employees worldwide, the UAE is regarded as one of its most important global markets. 1. Traditionally, it has been very active in large-scale oil and gas, refining, petrochemical, power and general infrastructure projects. In recent years, our industry appreciates Emirates’ increasingly active participation in renewable energy and other state-of-the-art segments Market. In fact, we commend the UAE industry for being at the absolute forefront of most modern trends. In addition, our industrial organizations also comply with and encourage the application of all aspects of the domestic value program. I am very happy to be able to participate this year as the Covid restrictions have been relaxed.”
Bruno Fierro, the vice president responsible for internalizing ANIMA,Regarding the important role of the Italian Pavilion, “ADIPEC’s Italian Pavilion is an important opportunity for our company’s development and a good example of the cooperation between ITA and ANIMA. Participating in ADIPEC is a major participation in the oil and gas industry at the most important World Expo. Specific opportunities for people to get in touch. Participation has been high, especially this year’s Dubai World Expo and the resumption of international activities after the blockade.”
“FEDERTEC-Italian Association for Fluid Power, Power Transmission, Intelligent Automation and Industrial Products and Process Control Electromechanical Technology and Components-is proud to represent and promote Italian companies at ADIPEC 2022. This is a very interesting opportunity for Italian companies to establish new business relationships. And to showcase the most innovative products and technologies, so the promotion of “Made in Italy” in this important industrial sector ends Marco Ferrara, Managing Director of FEDERTEC.
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