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An executive from the UAE China Business Council (CBC) told the Emirates News Agency (WAM) that it is expected that the China Pavilion at Expo 2020 Dubai will receive approximately 2 million visitors, adding that this global event will also help “attract more Many overseas tourists”. Enterprises to the UAE and open up new opportunities for Chinese companies in the UAE. “
“As the China Council for the Promotion of International Trade (CCPIT) is actively innovating the new participation format for Expo 2020 Dubai, we hope that the total number of visitors to the China Pavilion will reach 2 million during the six-month exhibition,” CBC Chairman Wang Guihai on Monday Said in a virtual interview.
However, he clarified that this is an estimate before the pandemic-under normal circumstances, if there are travel restrictions and conditions caused by the pandemic in the future, the actual numbers may be worrying.
Nonetheless, he emphasized, “The UAE has achieved an impressive vaccination record, and as the situation improves and travel restrictions are further relaxed, we expect more Chinese tourists to visit the Expo.”
Millions of people visit the Expo virtually
Regarding the new form of participation, Gui Hai said that the China Pavilion is building a “Cloud China Pavilion”, which will allow millions of Chinese and foreign visitors to visit the pavilion virtually.
He added that the official website of the China Pavilion will also provide online live broadcast services to attract more online and offline viewers.
“The 2020 Dubai World Expo will help attract more overseas companies to the UAE, provide Chinese companies with broader opportunities in the UAE, strengthen bilateral economic and trade cooperation, and promote China-Arab comprehensive strategic partnership to a new level. Times,” CBC Chairman Speak for sure.
With the theme of “Building a Community with a Shared Future for Mankind-Innovation and Opportunity”, the China Pavilion will integrate global attention to innovation and opportunity, communication and cooperation, development and sustainability; and showcase China’s latest achievements and culture in various fields, including Chang’e The fifth lunar exploration mission, Beidou satellite navigation system (BDS), high-speed rail and related themed movies. “He explained.
New trends: manufacturing and high-tech markets
Speaking of the new trend of Chinese companies in the UAE, Gui Hai said that many Chinese companies have started production and manufacturing in the UAE, but in the past they mainly imported and re-exported.
“The UAE government attaches great importance to the development of the manufacturing industry, launching’Make it in the Emirates’ and launching a series of preferential policies to provide a lot of convenience for Chinese companies to manufacture products in the UAE,” he pointed out.
In addition, the UAE’s developed infrastructure, continuous investment in education and scientific research, and its unique geographical location also provide advantages for the UAE’s manufacturing industry. The CBC chairman, who has been committed to supporting China’s development, added. Companies in the UAE for the past 17 years.
He said that the 180-member council has also strengthened mutual coordination and cooperation between Chinese institutions and companies in the UAE, promoted exchanges between the local government and the business community, and expanded cooperation between the two countries.
At present, Chinese companies have achieved good development in the UAE’s oil and gas, new energy, infrastructure, communications, finance and other fields, and are actively exploring the UAE’s emerging high-tech market. President of PetroChina Middle East. Senior technical expert in the oil and gas industry, with 30 years of experience, has worked in PetroChina Daqing Oilfield, PetroChina Sudan Project, and Iraq Project.
He said that there are more than 5,000 Chinese companies in the UAE, and many of them operate in the Gulf region.
“The bilateral economic and trade cooperation between the two countries is developing rapidly and there are huge opportunities.”
The UAE is China’s largest export and investment destination in the Arab world
“The UAE is still China’s largest export market and investment destination in the Arab world. China’s investment in the UAE is mainly concentrated in the fields of energy, steel, building materials, construction machinery, hardware and chemicals,” said Gui Hai.
Speaking of the 50th anniversary of the establishment of the UAE, he said, “The UAE has achieved world-renowned achievements, including a series of economic development miracles in the past 50 years.”
The chairman pointed out that in recent years, China-Arab economic cooperation has become increasingly close, and the UAE has actively participated in the construction of the “Belt and Road”.
The UAE-China cooperation in the development of digital currency will “effectively improve the efficiency of commercial activities between the two countries, reduce costs and risks, and become a catalyst for bilateral economic and trade exchanges.”
He was referring to the fact that the Central Bank of the UAE and the People’s Bank of China (PBOC) joined the m-CBDC (Multi-Central Bank Digital Currency) project in February this year, aiming to promote the application and development of CBDC-type digital currencies in China. Cross-border payments.
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