38 C
Thursday, September 28, 2023

“Dubai Hosts Yiyang ME Economic Exchange Week”

The “Yiyang” yacht activity, showcasing Anhua dark tea and Yiyang agricultural products, recently took place in Dubai Bay, kicking off the “Yiyang Meets the Middle East Economic and Trade Exchange Week.” Xiong Wei, the Mayor of Yiyang Municipal People’s Government in Hunan Province, announced the commencement of the economic and trade exchange week.

Over the past nearly 30 years of diplomatic relations, the UAE has become a key Middle Eastern partner with significant and tangible cooperation outcomes with China.

Sustained friendly and cooperative ties between China and the League of Arab States have ushered in a fruitful era of collaboration and growth.

In recent years, Yiyang City in Hunan Province has actively embraced the “strengthening the city through openness” strategy, leading to deepened cooperation and exchanges with UAE government and enterprises. This has spurred rapid economic and trade development.

Last year, Yiyang’s participation in the Dubai World Expo included a series of “Dubai meets beautiful Yiyang” activities, highlighting the city’s natural allure and showcasing signature elements like Anhua dark tea and Yuanjiang yachts.

This effort resulted in over $60 million worth of agreements with Dubai enterprises and productive cooperative outcomes.

The ongoing 10th anniversary of the Belt and Road initiative, coupled with the post-epidemic push for enhanced foreign trade and international integration, sets the stage for Yiyang’s economic and trade delegation trip, marked by active cooperation, trade expansion, and development.

During the event, agreements were signed between Yiyang, Middle Eastern yacht enterprises, and UAE supermarket entities.

A preliminary cooperation intention between Hunan Haiquan Yacht Co Ltd and Dubai Yacht Club was also established.

The economic activity anticipates the export of 19 yachts, with an estimated total turnover of $6 million. This includes 11 yachts of 62-foot size and eight of other dimensions.

Six of the 62-foot yachts have already been delivered, while the remaining five are slated for delivery to Dubai after production completion. Additionally, agreements for the remaining eight yachts of various sizes have been secured for cooperative orders.

Next Article

Related Articles

“RoTIC 2023 Sets Global Innovation Standards”

"RoTIC Symposium 2023 concluded successfully, uniting global industry leaders, highlighting innovation, and setting new standards. With 30+ represented countries, 70+ participating companies, and 1,000+...

Migrate World Expands and Partners in Oman

Migrate World, a global immigration leader since 2007, partners with Oman's Ministry of Commerce, Industry, and Investment Promotion. Headquartered in Dubai, it connects high-net-worth...

Navigating the Legal Landscape: An Interview with Abdul Wahied of Dar Al Haqooq Legal Consultancy

In the realm of legal consultancy in the UAE, Abdul Wahied stands as a distinguished figure with a commendable seven years of hands-on experience....

Muhammad Yousuf Wins AED 500,000 in O! Millionaire Draw

In an astounding turn of events, O! Millionaire, a leading environmentally conscious lottery, has announced its latest winner, Muhammad Yousuf. Hailing from Pakistan and...

Dubai 24K gold below Dh230/g as prices fall

Gold prices in the UAE continued their descent, dropping over one dirham to reach a one-month low and trading below Dh230 per gram at...

Latest Articles