China’s president Xi Jinping will pay an
anticipated official visit on Thursday to the biggest free trade zone in
the United Arab Emirates on his tour in the region.
anticipated official visit on Thursday to the biggest free trade zone in
the United Arab Emirates on his tour in the region.
Dubai Multi Commodities Centre has high expectations for Xi’s visit
and intentions to vigorously support China’s Belt and Road initiative,
Gautam Sashittal, chief executive of the DMCC told Yicai Global.
and intentions to vigorously support China’s Belt and Road initiative,
Gautam Sashittal, chief executive of the DMCC told Yicai Global.
This will be the first tour to the UAE by a Chinese head of state in
29 years, China’s Vice Foreign Minister Kong Xuanyou said at a media
briefing on July 13. President Xi will continue his tour to the African
countries of Senegal, Rwanda, and South Africa in the next days until
July 24.
29 years, China’s Vice Foreign Minister Kong Xuanyou said at a media
briefing on July 13. President Xi will continue his tour to the African
countries of Senegal, Rwanda, and South Africa in the next days until
July 24.
The two parties are expected sign cooperation agreements regarding
production capacity, energy, agriculture, finance, customs, scientific
research, and humanities.
production capacity, energy, agriculture, finance, customs, scientific
research, and humanities.
Over 300 Chinese firms have registered in the DMCC so far, and the
number has increased at a steady annual rate of 46 percent over the last
five years. The bilateral economic cooperation has seen vibrant growth,
especially after the signing of the agreement to set up the UAE-China
Joint Investment Fund, Sashittal said. Founded in 2015, the USD10
billion joint fund investments in energy, renewables, and technology.
number has increased at a steady annual rate of 46 percent over the last
five years. The bilateral economic cooperation has seen vibrant growth,
especially after the signing of the agreement to set up the UAE-China
Joint Investment Fund, Sashittal said. Founded in 2015, the USD10
billion joint fund investments in energy, renewables, and technology.
China’s and the UAE’s bilateral trade volume hit USD52 billion last
year with a growth rate of 15 percent in comparison to that of the year
before.
year with a growth rate of 15 percent in comparison to that of the year
before.
