Page 455 - MOE ENGLISH PR REPORT - JUNE 2024

UAE-China Business and Investment Forum, which took place during the two-day state
visit by President His Highness Sheikh Mohamed bin Zayed Al Nahyan to the People's
Republic of China.

The ministers discussed prospects for stimulating growth in bilateral and mutual trade
and investment, in addition to new horizons and areas available for investment in high-

growth sectors.

Mohamed Hassan Alsuwaidi, Minister of Investment, Dr. Thani bin Ahmed Al Zeyoudi,
and Ling Ji, Vice Minister of Commerce, addressed the event.

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://www.zawya.com/en/projects/bri/uae-china-business-and-investment-forum-explores-
prospects-for-boosting-trade-investment-partnership-xc14f32d