Page 116 - MOE ENGLISH PR REPORT - SEPTEMBER 2024 (Part 2)

His Highness Sheikh Ahmed bin Mohammed, Second Deputy Ruler of Dubai, attended the UAE-
China Business Forum, which concluded successfully with the participation of over 300 delegates.
The Chinese delegation at the Forum was led by His Excellency Li Qiang, Premier of the State
Council of the People's Republic of China.

The event, organised by Dubai Chambers, and the China Chamber of Commerce for Import and
Export of Machinery and Electronic Products (CCCME), was hosted by the Ministry of Economy of
the UAE, and the Ministry of Commerce of the People’s Republic of China.

The Forum brought together businessmen and investors from the UAE and China to discuss ways to
enhance economic and trade relations and boost mutual investments involving business
communities in both countries. The event coincides with celebrations to mark the 40th anniversary
of the establishment of diplomatic relations between the UAE and the People's Republic of China.

His Excellency Abdulla bin Touq Al Marri, Minister of Economy, said that the UAE and China share a
historical and strategic relationship characterised by the building of closer cooperation across all
areas, particularly in the economic and investment sectors. His Excellency attributed the strength
and vitality of bilateral relations to the shared commitment of both leaderships to advancing them
through constructive cooperation, promoting mutual investments, and enhancing the growth of
Emirati and Chinese companies operating in both markets.

Vital platform
During his speech at the Forum, HE Bin Touq said: “We consider the Chinese business community
a key economic partner of the UAE’s business sector. The total number of Chinese businesses
operating in the UAE's markets has reached around 15,500 so far. We are confident that the shared
visions and strategies to expand cooperation into new economic sectors will further strengthen and
advance our economic and investment relations.”

He noted: “The UAE-China Business and Investment Forum is an important platform for advancing
bilateral economic and investment cooperation, supporting joint efforts to develop more fruitful
partnerships and agreements at the governmental and private sector levels. The platform
contributes to enhancing the ability of Emirati and Chinese companies to benefit from the diverse
economic and investment opportunities in the markets of the two countries, particularly as the UAE
and China boast promising economic fundamentals and strategic geographical locations that
enable access to strategic markets in Asia, Africa and Europe.”

HE Bin Touq elaborated on the UAE's new economic model and its role in supporting the economic
goals of the ‘We the UAE 2031’ vision and discussed the advancements in the country's legislative
and economic landscape. These include the introduction of new legislation and policies that have
increased the UAE’s attractiveness for foreign direct investments. These measures have
strengthened the competitiveness of the national economy at both regional and global levels and
improved its overall attractiveness. Within this context, HE Bin Touq invited Chinese companies to
leverage the available opportunities in the UAE’s business environment and expand their presence

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strategies-to-enhance-bilateral-trade-and-investments