Dubai Chamber Opens 7th International Office In ChinaSource: www.export-egypt.com 10/29/2016, Location: Middle East |
|
|
|
|
|
As part of its strategy to reach out to promising markets and promote Dubai as a global business and trade hub, the Dubai Chamber of Commerce and Industry opened its 7th international office in the Chinese city of Shanghai.
The inauguration came on the sidelines of the Chamber’s participation in Dubai Week in China, a Falcon and Associates event held in Shanghai which was co-hosted by Invest Shanghai and supported by the Shanghai Municipal Commission of Commerce (SMCC). Earlier this month, the Chamber opened its 6th representative office in Nairobi, Kenya, and currently operates offices in Baku, Addis Ababa, Accra, Maputo, and Erbil. In his inaugural address, H.E. Hisham Al Shirawi, 2nd Vice- Chairman, Dubai Chamber, said: “China is our top trading partner and we have worked hard to strengthen trade relations with the country over the last decade. The opening of the Chamber’s Shanghai office, our first in China, a testament of our efforts to improve trade relations with the country and Southeast Asia. The move also falls in line with objectives outlined under the Dubai Plan 2021 to strengthen the emirate’s status as a leading business hub and an attractive investment destination. “We are confident that establishing a presence in this market will lead to new relationships and partnerships with Chinese businesses and bring about mutual benefits and economic growth. It will also help Chinese companies to expand their reach to markets in Africa, using Dubai as an access point,” he said. H.E. Al Shirawi also noted that Dubai and China both enjoy a strategic geographic location and easy access to surrounding markets in the GCC and East Asia. The UAE is located along ‘China – Central Asia – West Asia economic Corridor’ that passes through the CIS region, a priority investment and trade region for Dubai. “China’s plans to recreate the Silk Road through the ‘One Belt One Road’ initiative have boosted its trade flows with Central Asian countries and beyond. Therefore, the UAE and Dubai play a critical role as an investment and trade hub along the New Silk Road with strategic access to the Middle East, Africa and South Asian (MEASA) markets,” said H.E. Al Shirawi. “Due recent economic trends, Chinese companies are now looking abroad for new trade opportunities. We are seeing a growing number of Chinese businesses investing in Dubai’s real estate and manufacturing sectors, which is supporting the growth of the private sector,” he added. Dubai’s non-oil trade with China has grown steadily in recent years and amounted to AED 176 billion in 2015. There are currently 2,829 Chinese companies registered with Dubai Chamber. |
|
|
Financials and Investment News in United Arab Emirates >> |
 |
|||||
|
Egypt >> 11/21/2024 - An International Monetary Fund (IMF) mission led by Ivanna Vladkova Hollar wrapped up in-person discussions with Egyptian authorities in Cairo regardi...
|
Egypt >> 11/21/2024 - The Engineering Export Council of Egypt (EEC) revealed that engineering industry exports increased by 25.6 percent from January to September, reaching...
|
|
Egypt >> 11/20/2024 - Prime Minister Dr. Mostafa Madbouly held a meeting this morning at the government headquarters in the New Administrative Capital with Mr. Chang Won Sa...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouly, with Mahmoud Esmat, Minister of Electricity and Renewable Energy Minister, and Sultan Al Jaber, UAE Ministe...
|
|
Egypt >> 11/20/2024 - Egypt and Australia have seen a significant surge in their bilateral trade relationship, with the trade volume increasing from $270 million in 2015 to...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouli chaired the Cabinet’s weekly meeting in the New Administrative Capital.
The Cabinet is set to add... |
| United Arab Emirates Oil & Gas 1 >> 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | |
