Page 61 - MOE ENGLISH PR REPORT - DECEMBER 2024 (International)

Press Release

During the first meeting of their working group for investment and economic cooperation

UAE and China explore ways to enhance economic and investment

relations in new economy, entrepreneurship, tourism, aviation, and
logistics sectors

>> Abdulla Al Saleh: The UAE and China enjoy strategic economic and trade relations, with the
working group opening new prospects for cooperation and partnership between the private sectors

of both countries.

Abu Dhabi, 19 December 2024:

The UAE-China Joint Investment and Economic Cooperation Working Group convened for its
inaugural meeting aimed at enhancing the economic ties and investment growth between UAE and
China with special focus on elevating cooperation in sectors of mutual interest - including the new
economy, entrepreneurship, tourism, aviation, and logistics services.

The meeting was chaired from the UAE side by H.E. Abdullah Ahmed Al Saleh, Under-Secretary
of the Ministry of Economy, and from the Chinese side by H.E. Ling Ji, Vice Minister of
Commerce and Deputy China International Trade Representative, in the presence of H.E Ou
Boqian, the Consul General of the People's Republic of China in the UAE, alongside
representatives from several government bodies from both sides.

In his opening speech, H.E. Al Saleh emphasised that Emirati-Chinese relations are strategic and
represent a model of fruitful cooperation spanning over four decades, marked by significant
economic growth. “These relations, thanks to the vision of His Highness Sheikh Mohamed bin
Zayed Al Nahyan, President of the UAE, and the vision of His Excellency Xi Jinping, President
of China, have significantly strengthened trade and investment ties between the two nations. This
collaboration has fostered a deeper understanding and an enhanced economic partnership,
advancing shared interests and promoting the growth and sustainable development of the two
friendly countries,” H.E. added.

H.E. Abdulla Al Saleh said: “The meeting of the UAE-China Joint Investment and Economic
Cooperation Working Group is an important milestone in exploring new opportunities for
partnership and collaboration. It aims to deepen mutual trust between the Chinese and Emirati
business communities while highlighting the flexible and attractive investment environment
provided by the markets of both countries, thereby enhancing the competitiveness and prosperity
of our economic relations.”