Italy is one of the top economies in the EU with a domestic market which offers many opportunities: key manufacturing enterprises and clusters, a highly skilled workforce and R&D, which combines traditional excellence and innovation. The Made in Italy expertise and uniqueness has brought competitiveness at a global level, attracting tourism and real estate investments.
ICCO Canada and Promos Italia are working together to create, promote, and reinforce the business relationships between Canadian and Italian partners, companies, and investors in the Tourism & Real Estate, Aerospace and Energy sectors.
Tourism and Real Estate Sectors
The macroeconomic indicators and the low interest rates are the main factors contributing to new investment opportunities. Foreign investors have a central role, with an incidence of transactions of 70%, equal to 7.6 billion euros in pre-pandemic years, with a recovering trend during the post-COVID period.
The Italian aerospace sector – focusing on digitization, sustainability, and the space economy – is taking on an increasingly strategic role at international level while deeply contributing to the local economic development. Among the top 4 in Europe by revenue generated, the Italian aerospace industry is also ranked 7th around the world. The FDI amounted to €1.095 B in 2018, it dropped in 2020 due to COVID, but it is expected to get back on track.
Renewable energy, sustainability and circularity will drive the future renewal of industries and the modernization of the production systems both locally and worldwide. Italy ranks 3rd in Europe in terms of annual turnover, amounting to 345 billion euros with 2 million employees. The start-ups and SMEs by February 2020 were 941. It is expected that a series of recovery plan targeted actions – following the COVID crisis – to be implemented in the immediate future.
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During this information session our speakers/presenters will provide an insight on Italy as a land of investment with focus on specific areas which offer investment incentives, and public support to foreign direct investors.
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