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Dec 12 2011

Industry conference focuses on business ties and investment flows between Dubai and China

Latham & Watkins and the Dubai International Financial Centre co-host industry summit attended by leaders from business, government and academia to discuss trade and investment opportunities along the New Silk Road

Latham & Watkins LLP1 and the Dubai International Financial Centre (DIFC) co-hosted a conference focused on the growing trade flows, investment opportunities, and strategic business partnerships and joint ventures between the UAE and China. The event was attended by more than 200 delegates including government officials, industry professionals from sovereign wealth funds and private investors, bankers and business leaders.

Bilateral trade between Dubai and China is set to quadruple to US$100bn by 2015 and currently China is second on the list of countries exporting to Dubai2. Dubai continues to grow as a hub for Chinese investments in Africa and other emerging markets while China's interest in the Middle East increases with six Chinese companies registering in the DIFC since 2010.

With trade and investment ties between the regions expected to strengthen, panelists from the worlds of commerce, finance and the government shared their perspectives on a wide range of topics, including:

  • The growth of Dubai as a regional hub for China's investment in the Middle East

  • Market forces driving China's investment in the MENA region, in particular in the natural resources and infrastructure sectors, among others

  • China's strong investment in renewables and green energy and the opportunities for Middle East companies to joint venture with China on renewable technologies

  • Assessing the challenges and opportunities for Middle East companies to invest in the Chinese economy in sectors such as the Internet, e-commerce, technology, advertising and education, among others

"The conference brought together dynamic, knowledgeable leaders to discuss and analyze the evolving strategic partnership between Dubai and China. Unquestionably, the business ties between the regions are ushering in a New Silk Road. This presents myriad business opportunities as well as implications for the economies of both regions and the global marketplace," said Villiers Terblanche, Latham & Watkins ' Office Managing Partner for the UAE and Qatar.

David Miles, Chair of the Asia Practice at Latham & Watkins , added: "The panel discussions offered lively debate on a number of important issues across a wide range of business and investment topics. In partnership with the DIFC, we were delighted to convene an illustrious group of panelists whose experience, knowledge and perspective gave attendees food for thought on current and developing trends shaping business between the two regions."

Latham & Watkins partnered with the DIFC to organize the conference, which was produced in association with Falcon and Associates, a strategic planning and advisory company, and co-sponsored by the Financial Times. Learn more about the conference at "Developments Along the New Silk Road: Venturing with and Investing in Chinese Companies" conference.

-Ends-

About Latham & Watkins
Latham & Watkins is a global law firm with approximately 2,000 attorneys in 31 offices, including Abu Dhabi, Barcelona, Beijing, Boston, Brussels, Chicago, Doha, Dubai, Frankfurt, Hamburg, Hong Kong, Houston, London, Los Angeles, Madrid, Milan, Moscow, Munich, New Jersey, New York, Orange County, Paris, Riyadh, Rome, San Diego, San Francisco, Shanghai, Silicon Valley, Singapore, Tokyo and Washington, D.C. For more information on Latham & Watkins , please visit the Web site at www.lw.com. Notes to Editor

1 Latham & Watkins operates as a limited liability partnership worldwide with affiliated limited liability partnerships conducting the practice in the United Kingdom, France and Italy and affiliated partnerships conducting the practice in Hong Kong, Japan and Singapore. Latham & Watkins practices in Saudi Arabia in association with the Law Office of Mohammed Al-Sheikh.

2
Matthew Miller, "Between the desert and the dragon" Vision, Issue 04 (November 2011): 44-49.

Contacts
Villiers Terblanche,
Office Managing Partner,
Dubai,
Abu Dhabi, Doha,
Latham & Watkins LLP,
+971.2.495.1717

David Miles,
Chair of Asia Practice,
Latham & Watkins LLP,
+852.2912.2588

© Press Release 2011

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