Page 112 - MOE ENGLISH PR REPORT - SEPTEMBER 2024 (Part 2)

9/25/24, 4:20 PM UAE-China Business Forum explores strategies to enhance bilateral trade, investments
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 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 and attracted 800 prominent Chinese business leaders,
investors, and officials, as well as a high-level delegation from Dubai featuring representatives from key

https://www.zawya.com/en/economy/gcc/uae-china-business-forum-explores-strategies-to-enhance-bilateral-trade-investments-d3xs4677 3/4