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Dubai Chambers has efficiently hosted the China–UAE Financial Trade Convention to discover commerce and funding alternatives between China’s Shandong Province and Dubai. Organized in collaboration with the Division of Commerce of Shandong Province with the assist of the China Innovation Centre and the Chinese language Consulate in Dubai, the occasion attracted the participation of over 350 attendees together with 80 delegates from Shandong led by Music Junji, Vice Governor of Shandong Province.
Commenting on the importance of the convention, His Excellency Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, mentioned: “With historic relations spanning many years, China has constantly ranked because the UAE’s primary buying and selling associate and financial cooperation is continuous to develop. Right now’s occasion represents an essential step in growing mutually helpful relations between the dynamic enterprise communities in Shandong and Dubai, which aligns with our strategic precedence of attracting worldwide firms and investments to the emirate. We stay dedicated to reaching the aims of the Dubai Financial Agenda (D33), which goals to double the scale of the emirate’s economic system over the approaching decade and consolidate Dubai’s place among the many prime three world cities.”
The convention offered a platform for information sharing and cultural change in addition to the signing of offers between Shandong Province and Dubai. The gathering featured keynote speeches from His Excellency Li Xuhang, Consul Basic of the Individuals’s Republic of China in Dubai; Music Junji, Vice Governor of Shandong Province; and Khalid Al Shamsi, Vice President of Operations at Dubai Chambers. An informative presentation was additionally delivered in Mandarin on the benefits of investing in Dubai by the attraction division from Dubai Worldwide Chamber, one of many three chambers working beneath the umbrella of Dubai Chambers.
A number of agreements have been additionally signed on the sidelines of the convention. Dubai Chambers inked a Memorandum of Understanding (MoU) with the Division of Commerce of Shandong Trade to facilitate elevated cooperation on enterprise and commercial-related actions. Jebel Ali Free Zone additionally signed an MoU with Shandong Wooden and Wooden Merchandise Affiliation, whereas the China Innovation Centre in Dubai signed an MoU with the Yantai Metropolis Main Group Workplace for funding promotion and expertise attraction. As well as, Shandong Port Group (West Asia) and Qingdao XDWX New Materials signed letters of intent to develop their companies inside the UAE market by way of Dubai.
The convention witnessed the opening of the Shandong-based firm Hisense’s new analysis and growth centre in Dubai Web Metropolis. The multinational equipment and electronics producer additionally displayed their newest merchandise on the China Innovation Centre. The occasion concluded with a tour of the centre, the place delegates had the chance to discover an interactive exhibition of merchandise and applied sciences from Shandong.
Positioned inside the East China area, Shandong Province is residence to over 100 million folks. Shandong is China’s second most populous province and is taken into account amongst China’s main centres for schooling and analysis. Supported by its worldwide consultant places of work in China, Dubai Worldwide Chamber is keen to strengthen collaboration with the province in future-facing areas equivalent to sensible cities, business 4.0, clear applied sciences, healthcare, and superior manufacturing.
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