Page 453 - MOE ENGLISH PR REPORT - JUNE 2024

During the forum, 12 agreements and memorandums of understanding were signed and
exchanged between Emirati and Chinese companies and entities in a wide range of priority
areas such as aluminium, communications, iron and steel, financial services, aviation, free
zones, industry, and others.

Alsuwaidi highlighted China's growing investments in the UAE, which rose 16 percent in 2023
to US$1.3 billion, accounting for 60 percent of the total value of China's investments in Arab
countries.
Meanwhile, Dr. Al Zeyoudi said that UAE-China non-oil trade value, which reached $81 billion
in 2023, is expected to surpass $200 billion by 2023.

More than 70 participants participated in the forum from the Emirati side, including senior
government officials from federal and local entities, in addition to representatives of a number
of major Emirati companies operating in various sectors, including logistics services, industry,
energy, technology, health care, environment, agriculture, food security, and financial
services.

Discussions during the forum included exploring promising opportunities in sectors expected
to achieve significant growth, with a particular focus on information and communications
technology, manufacturing, financial services, logistics, and energy.

The forum was held as part of the agenda of events organised to mark the 40th anniversary
of the establishment of diplomatic relations between China and the UAE.

https://wam.ae/en/article/b3fhneh-uae-china-business-and-investment-forum-explores