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Today, the activities of the UAE-China Business Forum, organized by Dubai Chambers and the China Chamber of Import and Export of Electrical and Mechanical Products, and hosted by the Ministry of Economy in the country and the Ministry of Commerce of the People’s Republic of China, began.
The forum is being organised on the sidelines of the official visit of Li Keqiang, Premier of the State Council of the People’s Republic of China, to the country, and aims to discuss ways to enhance economic and trade relations and stimulate joint investments between business communities in both countries.
Mohammed Ali Rashid Lootah, Director General of Dubai Chambers, said in his speech at the forum: “The joint efforts between the two countries contribute to supporting the goals of the Belt and Road Initiative. The UAE, in light of its position as a leading global logistics and trade hub, has developed an advanced infrastructure to connect the various continents of the world, and through its strategic location on the map of the New Silk Road, it constitutes a vital gateway to markets in Asia, Africa and the Middle East.”
He added: “China is an economic center of gravity in the world, and has extensive experience in the field of advanced technologies. The close and growing partnership with China plays an important role in achieving the goals of the Dubai Economic Agenda (D33) To double the size of Dubai’s economy over the next decade, and consolidate its position among the top 3 economic cities in the world.”
He stressed that “technological cooperation plays an effective role in supporting the UAE’s economic diversification plans, so the pace of cooperation with China in this vital sector will accelerate,” noting that Chinese companies specializing in the technology sector have all the capabilities necessary to contribute to achieving the goals of the Dubai Economic Agenda (D33) To generate new economic value from the digital transformation towards the new economy, with an average of AED 100 billion annually that will be added to Dubai’s economy.
He explained that the Dubai Chamber of Digital Economy, one of the three chambers operating under the umbrella of Dubai Chambers, will host the “Expand North Star” exhibition next month, the largest event for start-ups and investors around the world, noting that this year’s edition of the event, which will be held in Dubai next month, will constitute a vital platform for digital companies and investors from China to benefit from the promising opportunities that the exhibition abounds in.
