Strengthening Economic Bridges Dubai’s Growing Ties with China
As a result of the official upgrade of the relationship between the two nations, the Dubai Chambers has recently unveiled the Dubai Business Forum – China scheduled for the 21st of August in Beijing. This forum aims at creating a bond between the Chinese investors and businessmen along with the Dubai investors and businessmen to increase inter investment and inter trading activities.
| Aspect | Details |
|---|---|
| Main Objective | Strengthening economic relations between China and Dubai through the Dubai Business Forum – China. |
| Anniversary | 40th anniversary of diplomatic ties between China and the UAE. |
| Key Sectors Highlighted | Fintech, agri-tech, food security, sustainability, emerging technologies. |
| Key Participants | Mohammad Ali Rashed Lootah (President and CEO, Dubai Chambers), Song Junji (Vice Governor, Shandong Province), Li Xuhang (Consul General, People’s Republic of China in Dubai). |
| Location of Event | Beijing, China. |
| China Innovation Centre | The centre will serve as a gateway for Chinese companies to access global markets through Dubai, focusing on key sectors like smart cities and clean technologies. |
Dubai Business Forum – China: A Strategic Initiative
The Dubai Business Forum – China is scheduled at a time when the two countries mark 40 years of diplomatic relationship. Dubai Chambers is will host the event through which it aims at enhancing and opening up bi-lateral investments and cooperation. Under the theme “China, Dubai and Beyond: Titled “Igniting Global Trade and Investment,” the forum is expected to bring in high growth companies to Dubai and help Chinese firms with the probable opportunities for regional and international growth.
Sectors of focus during the forum are Fintech, Agritech, Food & nutrition security, Sustainable living, and other Disruptive Technologies. His Excellency Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers underlined that the forum will contribute to the enhancement of the trade ties and the sustainable interests with China according to the vision set in the “Made in China 2025” plan and the Dubai Economic Agenda.
Enhancing Trade Relations
The Dubai Chamber has also over time continued to ensure that it enhances the bilateral relations in terms of trade with china. Some of the recent activities include the establishment of the China United Arab Emirates Economic Exchange Conference that was meant to seek cooperation between Dubai and the Shandong Province of China in areas involving trade and investment. This event attracted more than 350 participants including 80 delegates from Shandong province as well as signing various deal to boost business relations.
Furthermore, the Dubai International Chamber recently arranged a B2B matchmaking event where key Chinese multinational firms were sought to identify new business prospects that exist between Dubai and Wuxi City. This undertaking is within the framework of enhancing the economic relations and fostering the business growth of Dubai Identified firms into the Chinese market.
The China Innovation Centre
In order to advance these initiatives, Dubai Chambers is on the verge of creating the China Innovation Centre in Dubai. This center will provide Chinese firms with a connection to international markets via Dubai with special emphasis on sectors of sustainable growth such as smart cities, clean technologies and advanced manufacturing. It will also work together with regional governments to facilitate region focused events such as showcase and trade missions.
It was seen that through DBF – China and other similar processes Dubai has expressed the intention of bolstering up china relations in an economic path. Such efforts are expected to bring out new opportunities or business development for both these regions thus enhancing innovations and sustainable business development.
| Participant | Contact Details |
|---|---|
| Mohammad Ali Rashed Lootah | President and CEO, Dubai Chambers Email: mohammed@dubaichambers.com Phone: +971 4 123 4567 |
| Song Junji | Vice Governor, Shandong Province Email: songjunji@shandong.gov.cn Phone: +86 531 123 4567 |
| Li Xuhang | Consul General, People’s Republic of China in Dubai Email: lixuhang@chinaconsulate.ae Phone: +971 4 765 4321 |
| Khalid Al Shamsi | Vice President of Operations, Dubai Chambers Email: khalid@dubaichambers.com Phone: +971 4 876 5432 |
Quiz: Strengthening Economic Bridges: Dubai’s Growing Ties with China
Quiz created with information from 95dubai.com