DMCC, the world’s flagship free zone and Authorities of Dubai Authority in commodity buying and selling and enterprises, has efficiently accomplished its roadshow to Shenzhen and Hong Kong, additional strengthening its long-standing bilateral relationship with China and new alternatives for financial cooperation, commerce and international direct funding have been explored.
Throughout the go to, DMCC signed a Memorandum of Understanding (MoU) with the Hong Kong-Center East Enterprise Chamber Restricted (HKME) to advertise innovation and bilateral commerce. The settlement will see each entities collaborate within the areas of exchanging finest market practices, transferring data {and professional} experience, in addition to offering commerce and logistics assist. This, in flip, will assist the aims of the Belt and Highway Initiative, strengthening financial cooperation between international locations alongside the proposed “Belt and Highway” route.
Ahmed Bin Sulayem, Govt Chairman and Chief Govt Officer of DMCC, mentioned: “We’re delighted to be again in China as we proceed our path of robust and joint development. China occupies a key place as one in all DMCC’s key strategic markets, whereas DMCC has grow to be a vacation spot of selection for Chinese language corporations, now with greater than 800 areas in our award-winning neighborhood. With over US$77 billion in non-oil commerce between China and the UAE final 12 months, we anticipate our cooperation to be additional strengthened by the UAE’s upcoming membership of the BRICS, additional strengthening the energy and capability of the One Belt One Highway initiative will improve. .”
He added: “As DMCC, we’ll proceed to roll out tailored companies to additional assist the expansion of our Chinese language members and stakeholders, whereas the just lately signed MoU with HKME continues our continued dedication to enhancing enterprise local weather and selling larger commerce volumes. and selling shared financial development.”
His Excellency Shaikh Saoud Ali Almualla, UAE Consul Basic within the Hong Kong Particular Administrative Area, added: “Enterprise and commerce are on the forefront of financial development and prosperity. The UAE and China share a imaginative and prescient of mutual development and prosperity, and it’s our collective accountability to nurture and increase these ties. I need to thank DMCC for its function as a beacon of excellence and innovation on this endeavor, offering a driving pressure for commerce facilitation and selling larger connectivity between main commerce hubs akin to Dubai and Hong Kong. ”
Throughout the roadshow, Ahmed Bin Sulayem, Govt Chairman and Chief Govt Officer of DMCC, together with outstanding trade leaders, acquired the Extraordinary 40 Award for his function in advancing the worldwide diamond and jewellery trade. He additionally took half in a panel dialogue on the Jewelery & Gem World Hong Kong (JGW), one of many world’s most outstanding jewelery occasions, entitled ‘From Tough To Good: Charting A Course For An Thrilling Future’, wherein he shared insights on The Dubai’s journey to grow to be a number one world diamond buying and selling heart.
Throughout the go to, DMCC additionally launched a particular version of its Way forward for Commerce thought management report targeted on lab-grown diamonds (LGDs), entitled “Coming of Age – The Way forward for Lab Grown Diamonds”. The report examines the dynamics which have pushed the meteoric rise of the LGD market section in recent times. The publication of the LGD-focused report follows a profitable inauguration of the LGD Symposium organized by DMCC in July 2023.
This roadshow sequence marks the second go to to China this 12 months, following the Made for Commerce China roadshow within the industrial and commerce facilities of Shanghai, Guangzhou and Chongqing in June 2023. DMCC showcased Dubai’s thriving enterprise surroundings and the way DMCC acts as a central platform and enterprise district of selection for Chinese language corporations to increase in Dubai and internationally.
DMCC has made it a precedence to draw Chinese language corporations to Dubai by making a tailored ecosystem, together with the Yingtian Chinese language Enterprise Heart DMCC and a Mandarin model of its web site. To additional help Chinese language companies, DMCC opened a China Service Heart in Almas Tower with assist for Mandarin introduction in any respect buyer touchpoints. In 2020, DMCC additionally opened a consultant workplace in Shenzhen to facilitate the set up course of for Chinese language corporations.
