Page 128 - MOE ENGLISH PR REPORT - SEPTEMBER 2024 (Part 2)

9/20/24, 4:34 PM UAE-China Business Forum explores strategies to enhance bilateral trade, investments – UAE Business and Travel Insights – Total…

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.”

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, Bin Touq invited Chinese companies to leverage the available opportunities in the UAE’s
business environment and expand their presence across various key sectors, including tourism, aviation, circular
economy, FinTech, e-commerce, infrastructure, Artificial Intelligence (AI), healthcare, smart transportation, and
sustainable manufacturing.

Furthermore, he highlighted that the tourism industry serves as a key pillar of economic cooperation between the
two countries, having witnessed continued growth across all its sub-sectors.

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

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