Page 126 - MOE ENGLISH PR REPORT - SEPTEMBER 2024 (Part 2)

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. It 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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