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More than 200 Chinese business leaders gathered at Dubai Multi Commodities Center to celebrate China Business Day, celebrating the growing commercial relationship between the UAE and China, which aims to reach $200 billion in bilateral trade by 2030.
Commenting on the event, Mohammad Ali Rashed Lootah, President and CEO of Chambers Dubai, said: “The UAE is one of the strongest economies in the region and as a natural partner in the ‘Belt and Road’ initiative, it has emerged as a An important global gateway for Chinese companies, notably its unrivaled logistics infrastructure and location along the New Silk Road.
“China has always been a strategically important market for Dubai, and mutual investment between the two countries continues to grow strongly in various economic and business sectors. Through the extensive efforts and support of organizations like DMCC, we look forward to continuing to work together and seeing The relationship between our two countries has grown stronger. We look forward to strengthening trade links between Dubai and China through our international offices and attracting foreign direct investment in line with the goals of the Dubai Economic Agenda (D33).”
group discussion
The event underscored DMCC’s commitment to attracting Chinese businesses to Dubai. The event also included a panel discussion titled “Building Business Success in Dubai and the UAE Using Experience from Leading Chinese Companies”.
Senior members and representatives from China State Construction Engineering Corporation, Bank of China, China Mobile International Middle East and Africa, Dahua Technology and Yingke Shayan Legal Consulting spoke at the symposium.
As a leading global trade center, DMCC offers businesses unprecedented opportunities for growth through its world-class infrastructure, products, services and facilities. Today, DMCC hosts more than 750 Chinese companies, accounting for more than 12% of all Chinese businesses registered in the UAE.
Ahmed Bin Sulayem, Executive Chairman and CEO of DMCC, added: “As the UAE’s major trading partner, our relationship with China is growing and maturing every day, with our bilateral trade expected to reach US$200 billion by 2030. This demonstrates the UAE’s It is of great significance as a major hub for Chinese companies to enter some of the fastest growing markets in the world and is an important gateway for Chinese trade.”
Based in Dubai
“The DMCC has played an important role in strengthening economic ties between the UAE and China by providing a platform for Chinese companies to gain a foothold in Dubai and expand their international presence,” he added.
Wu Yi, Economic and Commercial Counselor of the Chinese Consulate General in Dubai, added: “In the past few years, China-Arab relations have continued to develop – from deep political mutual trust and flourishing economic cooperation, to people-to-people exchanges at the forefront. In fact, in 2022, China-Arab relations Bilateral trade volume has reached a record high despite the impact of the epidemic, reflecting the vitality of the mutually beneficial cooperation between the two countries. I would like to thank the Dubai Chamber of Commerce and DMCC for supporting the development of this relationship, and I believe these activities will help it to prosper further.”
Given the importance of China as a strategic market for DMCC and the UAE, DMCC has created a bespoke ecosystem for the Chinese business community. This includes the establishment of Yingtian China Business Center DMCC in 2017 to help Chinese companies looking to set up companies in Dubai; the launch of the DMCC Mandarin website to further improve the convenience of doing business in Dubai; the opening of a Chinese service center in Almas Tower in 2020, Onboarding support in Mandarin is provided at all customer touchpoints; recently, a representative office in Shenzhen was inaugurated, bringing DMCC to the doorstep of Chinese businesses. — trade arab news agency
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