- Hosted in cooperation with the Ministry of Commerce of Shandong Province, the convention targeted on exploiting commerce and funding alternatives between China’s Shandong Province and Dubai.
- Mohammad Ali Rashed Lootah: “China has persistently been ranked because the UAE’s prime buying and selling accomplice and financial cooperation continues to develop. At present’s occasion represents an essential step in creating mutually useful relationships between the dynamic enterprise communities in Shandong and Dubai.”
Dubai, United Arab Emirates – Dubai Chambers efficiently organized the China-UAE Financial Alternate Convention to discover commerce and funding alternatives between China’s Shandong Province and Dubai. The occasion, organized in collaboration with the Ministry of Commerce of Shandong Province with the assist of the China Innovation Heart and the Chinese language Consulate in Dubai, attracted the participation of greater than 350 attendees, together with 80 delegates from Shandong led by Track Junji, vice governor of Shandong province. .
Commenting on the significance of the convention, His Excellency Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, stated: “With historic ties spanning many years, China has persistently ranked because the UAE’s prime buying and selling accomplice and financial cooperation continues to develop . At present’s occasion represents an essential step in creating mutually useful relationships between the dynamic enterprise communities in Shandong and Dubai, which aligns with our strategic precedence to draw worldwide companies and investments to the emirate. We stay dedicated to reaching the targets of the Dubai Financial Agenda (D33), which goals to double the scale of the emirate’s economic system over the subsequent ten years and consolidate Dubai’s place among the many prime three international cities .”
The convention offered a platform for information sharing and cultural change, in addition to the signing of agreements between Shandong Province and Dubai. The assembly featured keynote speeches from His Excellency Li Xuhang, Consul Normal of the Folks’s Republic of China in Dubai; Track Junji, Vice Governor of Shandong Province; and Khalid Al Shamsi, Vice President of Operations at Dubai Chambers. An informative presentation in Mandarin on the advantages of investing in Dubai was additionally given by the sights division of Dubai Worldwide Chamber, considered one of three chambers working underneath the umbrella of Dubai Chambers.
A number of agreements have been additionally signed on the sidelines of the convention. Dubai Chambers has signed a Memorandum of Understanding (MoU) with the Ministry of Commerce of Shandong Alternate to facilitate higher cooperation in enterprise and industrial actions. Jebel Ali Free Zone additionally signed an MoU with Shandong Wooden and Wooden Merchandise Affiliation, whereas the China Innovation Heart in Dubai signed an MoU with 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 operations throughout the UAE market by way of Dubai.
The convention witnessed the opening of Shandong-based firm Hisense’s new analysis and improvement heart at Dubai Web Metropolis. The multinational equipment and electronics producer additionally showcased their newest merchandise on the China Innovation Heart. The occasion concluded with a tour of the middle, the place delegates had the chance to discover an interactive exhibition of Shandong merchandise and applied sciences.
Shandong Province, situated within the East China area, is residence to greater than 100 million individuals. Shandong is China’s second most populous province and is taken into account considered one of China’s most essential facilities for schooling and analysis. Supported by its worldwide consultant places of work in China, Dubai Worldwide Chamber is eager to strengthen cooperation with the province in forward-looking areas comparable to good cities, business 4.0, clear applied sciences, healthcare and superior manufacturing.
About Dubai Rooms:
Dubai Chambers is a public non-profit group that helps Dubai’s imaginative and prescient as a worldwide participant by empowering companies, offering progressive value-added providers and entry to influential networks. In March 2021, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, introduced the restructuring of the Dubai Chamber and the institution of three chambers for the emirate, particularly the Dubai Chamber of Commerce, Dubai. Worldwide Chamber and Dubai Chamber of Digital Financial system, which now function underneath Dubai Chambers. For extra info, please go to us at: www.dubaichambers.com
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Mohammed Mouzehem
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