Dubai Chambers has entered into a Memorandum of Understanding (MoU) with China Construction Bank (CCB) – DIFC Branch to foster investment collaboration and bolster joint initiatives to aid Chinese firms expanding into the Dubai market.
The MoU targets enhancing knowledge and expertise sharing between the entities to improve business and investor support. This collaboration is set to broaden bilateral ties, unveil fresh growth avenues across various sectors, and reinforce Dubai’s status as a premier global business hub.
This agreement underscores China’s increasing prominence as a global economic powerhouse, aligning with the 40th anniversary of diplomatic ties between the UAE and China. It aims to elevate trade collaboration between Dubai and China, solidifying Dubai’s reputation as a top choice for Chinese investment.
The MoU was formalized by Hassan Al Hashemi, vice president of international relations at Dubai Chambers, and Wei Luo, general manager of China Construction Bank – DIFC Branch, at Dubai Chambers’ headquarters. This pact introduces new realms of cooperation, aiming to safeguard the commercial interests of both Dubai and China, and to nurture bilateral trade and investment alliances between Chinese enterprises and Dubai-based businesses.
This signing coincides with the forthcoming Dubai Business Forum – China, hosted by Dubai Chambers with the theme ‘China, Dubai and Beyond: Igniting Global Trade and Investment’, scheduled for August 21st in Beijing. The forum seeks to entice promising Chinese companies to Dubai and assist them in capitalizing on the emirate’s regional and global growth prospects.
