Dubai South boosts trade relations with China to support Belt and Road Initiative

belt and roadDubai South has signed two MoUs with the China Council for the Promotion of International Trade Shanghai (CCPIT Shanghai) and China Chamber of International Commerce Shanghai (CCOIC Shanghai) set to strengthen trade activities

The MoUs were designed to boost economic relations between Dubai and China aimed at increasing engagement in the multibillion-dollar project Belt and Road Initiative, a global infrastructure development led by the Chinese government.

The Chinese trade associations seek to further strengthen and promote economic and trade relations between Dubai and Shanghai through continued engagement aimed towards creating and adopting business opportunities across related enterprises. As part of the agreement, the parties have agreed to host and organise exchange visits for trade missions and project study groups for various economic and trade sectors and offer major services.

For its part, Dubai South will host various investment and business delegations from China who will be visiting the UAE to explore business opportunities focused on industries such as e-commerce, logistics, supply chain and trading. Dubai South is expected to offer important support to Chinese companies and guide them through the process of setting up their businesses via a diverse range of business solutions.

The agreement further explores the opportunity for CCOIC Shanghai to establish an official Dubai office to serve Chinese businesses operating in the GCC market and the region.

Khalifa Al Zaffin, executive chairman of the Dubai Aviation City Corporation and Dubai South, said, “China continues to enhance its trade and diplomatic ties in the GCC, especially in the UAE considering it is the fifth largest source market for the country. Out of 5,000 Chinese companies in the UAE, 4,000 of them are based in Dubai alone, which represents the strong market ties between Dubai and leading Chinese markets.”

Zhang Jianwei, vice-chairman of CCOIC Shanghai and Chairman of Royal Belt DWC, a company based in Dubai South, commented, “These efforts will support our members and other enterprises in Shanghai seeking to invest and develop their businesses in Dubai.”

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