|10 June, 2019

Dubai FDI embarks on investment mission to China

The delegation aims to support the global infrastructure programme of the Belt and Road initiative

DUBAI, 10th June, 2019 (WAM) -- Dubai FDI, the investment development agency of Dubai Economy, is set to embark on its latest investment mission to major cities in China as part of its strategic efforts to support the global infrastructure programme of the Belt and Road initiative.

The agency will lead a delegation of government and business leaders to take part in the Dubai Advantage Forum, and hold exclusive meetings in Shanghai and Shenzhen from 24th - 29th June 2019.

The delegation will engage in an interactive platform to discuss Dubai’s leading initiatives in facilitating Foreign Direct Investments, FDI, through Dubai Advantage Forum 2019 in Shanghai and will take part in several business meetings in China.

A roundtable discussion will be held in Shenzhen followed by direct visits to major Chinese companies and business meetings.

Fahad Al Gergawi, CEO of Dubai FDI, said, "Dubai has always played an important economic hub for Asia and this role continues to evolve towards greater heights following China’s launch of the Belt and Road initiative, the new global trading highway designed to link Asia to Africa and Latin America directly through the Middle East.

"With the emirate’s current strategic position as a regional base for many Chinese companies, the Dubai Government continues to engage in initiatives that would further promote the ease of doing business in the emirate for China’s public and private sector in line with its global ambition to pave the way for the new Silk Road." China maintains its leading position as Dubai’s topmost trading partner with its market value reaching AED139 billion in 2018, explained Khalid Al Boom, Deputy CEO of Dubai FDI. "The emirate’s key trading partners in China continue to enjoy lucrative opportunities market and we are keen to promote and facilitate the investment processes for leading companies in Shanghai and Shenzhen in this planned mission," he added.

Dubai continues to promote the emirate’s investment growth opportunities in line with the UAE’s plan to expand global leadership in key sectors such as aerospace, manufacturing, advanced technology, logistics, healthcare, financial services, life sciences, and food products and agriculture.

The UAE has been a strong bilateral trade partner of China, which is its second largest trading partner, valued at AED194,642 billion and is expected to soar up to AED257 billion by 2020.

Following a recent agreement, a 60-million square feet ‘Traders Market’ which received AED8,814 billion of Chinese investments will be built opposite Dubai’s Expo 2020 site, aimed at providing an international station for storing and shipping Chinese products from Jebel Ali to the world.

© Copyright Emirates News Agency (WAM) 2019.

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