Page 121 - MOE ENGLISH PR REPORT - SEPTEMBER 2024 (Part 2)

9/20/24, 4:32 PM UAE-China Business Forum explores strategies to enhance bilateral trade, investments | Emirates News Agency
The total number of Chinese visitors to the UAE stood at around 1.2 million in 2023, marking a remarkable

growth of 213 percent compared to 382,206 tourists in 2022. There are currently 44 flights operated by the
UAE’s national carriers connecting the two countries every week.

In his opening address, Abdul Aziz Abdulla Al Ghurair, Chairman of Dubai Chambers, highlighted that China’s

status as the UAE’s top trading partner speaks volumes about the thriving relations between the two nations.
He emphasised that, considering the growing importance of the Chinese market and its strategic partnership

role, the Dubai International Chamber has established three overseas offices in China – located in Shanghai,
Shenzhen, and Hong Kong – representing the highest number of offices in a single country. These offices

serve as vital gateways to enhance investment opportunities and facilitate mutually beneficial trade

exchanges.
Al Ghurair stated, “Our commitment at Dubai Chambers to supporting the Chinese business community is

unwavering. Last month, we were delighted to organise the Dubai Business Forum in Beijing, attended by 800

investors and entrepreneurs representing both nations. This forum underscores our vision of China as a
crucial strategic partner in our future initiatives.”

Al Ghurair concluded his address by noting, “As a testament to the strength of our bilateral relations, the total

number of active Chinese member companies registered as members of Dubai Chamber of Commerce
reached 5,480 by the end of August, out of which 1,004 new Chinese companies joining during the first eight

months of this year.”
The Forum witnessed four panel discussions featuring 20 speakers, including officials and business leaders

from both the UAE and China. Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers,

delivered the welcome address. The sessions focused on the role of sovereign wealth funds in developing
joint investments and projects, as well as the importance of strengthening partnership frameworks within the

energy sector. Opportunities to enhance cross-investment and trade were also closely evaluated.
Additionally, the discussions showcased successful Dubai-based companies that have expanded their

operations and partnerships in China, alongside Chinese firms that have capitalised on the business growth

opportunities available in the emirate.
The event builds on the strong momentum achieved during the Dubai Business Forum – China, which was

successfully organised by Dubai Chambers in August. The inaugural international edition of the Dubai

Business Forum was held in Beijing and attracted 800 prominent Chinese business leaders, investors, and
officials, as well as a high-level delegation from Dubai featuring representatives from key government entities

and the private sector. Participants explored the diverse opportunities arising for Chinese businesses and

investors as a direct result of the Dubai D33 agenda.

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