Sajjad Ahmad, Deputy Business Editor

Dubai has attracted a new investment alliance that includes several Arab, Italian and African companies that intends to pump large investments into several sectors, most notably real estate, retail, shopping and other vital economic sectors in the UAE.

Moanis Al-Khatib, Chairman of the Board of Directors of Target Plus, and Mohamed Ramadan, CEO of the Italian company Impero Milano, signed a memorandum of joint cooperation, which contributed to establishing the new investment alliance for expansion in the UAE and the region starting from Dubai under the umbrella of ‘Impero Investment Dubai’, which specialises in many... areas of investments in various countries of the world.

The memorandum of cooperation was signed recently, in the presence of Kilsby Finucciara, Ambassador of Italy to the UAE, Babacar Andiaye, Ambassador of Senegal to the UAE, Diabaye Vakaba, Ambassador of Ivory Coast to the UAE, Khaled Bencheikh, Consul of the Kingdom of Morocco in Dubai, and Jacqueline Micol, Minister of Small and Medium Enterprises of Congo-Brazzville. And a large number of businessmen and investors during a conference organised by Impero Events and Havers Dubai. Moanis Al-Khatib said that the joint cooperation with Impero Milano aims to establish projects in the retail sector in Dubai with a value of up to Dhs400 million. It also intends to pump other investments into other sectors, most notably the real estate sector in Dubai and the UAE during the coming period, taking advantage of The economic growth that the country is currently witnessing, especially in the real estate sector.

Al-Khatib added that the new economic entity in Dubai will launch many projects and investments in various fields between the UAE and Italy. He continued: The UAE and Dubai enjoy a global reputation for providing a favorable investment environment in various sectors, which has contributed to improving and strengthening the strength of the UAE national economy in various sectors. In turn, the CEO of the Italian company Impero Milano confirmed that the new investment entity has a clear map for all means of cooperation between Target Plus and Impero Italy to ensure success and the best results in the world of finance and business in the future, appreciating the professional approach followed by the two companies in bridging viewpoints in order to The launch of Impero Investment Dubai, which indicates the precious mutual trust between all parties, and this matter ensures steady progress in the field of economy and investments.

For his part, Ahmed Bahgat, Chairman of the Board of Directors of Ampero Events, said: The conference witnessed the presence of giant economic entities that came to Dubai to achieve an investment launch, explaining that the coming period will witness more major economic agreements within the UAE and many countries of the world.

For his part, Ahmed Bahjat, Chairman of the Board of Directors of Impero Events, said that the event witnessed the presence of giant economic entities that came to Dubai for an investment launch that tours the whole world, explaining that the coming period will witness more major economic events and activities within the Emirates and many countries of the world.