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The Dubai-China Business Forum was held

news agency wam , 22 Aug 2024 - 13:02

Dubai Chambers said in a statement that the first international edition of the Dubai-China Business Forum under the title "China, Dubai and Beyond: Igniting Global Trade and Investment" was held by it in Beijing, China.


According to Amac News: In the announcement of the Dubai Chambers, it is stated that the forum highlighted the promising opportunities that will emerge as a result of the Dubai Economic Agenda (D33) for the Chinese business community in the emirate.
The event attracted 800 prominent Chinese business leaders and investors and showcased key state-owned enterprises and private companies from the emirate at a high level, according to the announcement.
The forum showcased the UAE's thriving economy and competitive advantages and key initiatives and projects in Dubai that provide quality investment opportunities for the Chinese and global business communities.
Mohammed Ali Rashid Lootah, President and CEO of Dubai Chambers, said that this forum will increase the UAE's competitiveness and put the UAE firmly on the path to achieving its twofold goals.
According to him, the economy of Dubai in the next decade and the consolidation of its position among the top three cities in the world, the close partnership and constructive cooperation between the public and private sectors, will create an exceptional investment environment for the global business community.
He added that the total number of active Chinese companies registered as members of the Dubai Chamber of Commerce has increased to about 5,400 companies at the end of the first half of 2024.
Dubai Chambers organized a series of business meetings where they discussed building partnerships across sectors so that the Chinese business community can benefit from Dubai's dynamic investment environment and expand into regional and global markets.
On the sidelines of this forum, Dubai Chambers signed a cooperation agreement (MoU) with China Council for the Promotion of International Trade Beijing (CCPIT Beijing).
The purpose of signing the agreement is to expand trade relations, strengthen bilateral relations to achieve mutual goals of both sides, and support Beijing CCPIT member companies in expanding their investments in Dubai.
The agreement also aims to promote cooperation in areas such as the organization of trade events such as exhibitions and conferences and the arrangement of visiting trade and investment delegations between the two markets.
The forum had 18 sessions covering a wide range of topics and sectors, including trade and logistics, artificial intelligence, foreign direct investment, renewable energy and healthcare.
The forum discussed D33's contribution to promoting Dubai's role as a leading global center for innovation and opportunity, as well as the ambitious roadmap's contribution to increasing the flow of Chinese investments to the UAE.
The forum's agenda included a panel discussion on emerging opportunities in the e-commerce sector. The session explored effective strategies to meet the evolving needs of consumers, the latest developments in support services, and the infrastructure and technologies required to thrive in the fast-paced world of e-commerce.
In this meeting, the speakers emphasized the importance of Dubai's strategic location and advanced logistics infrastructure in expanding the business of Chinese e-commerce companies and increasing their share in this highly competitive market.
In another session, participants discussed how the D33 aligns with China's development plans and explored ways to promote sustainable bilateral partnerships in key sectors.
The discussion focused on increasing the flexibility of investment strategies and driving international expansion against the backdrop of an evolving global business landscape.
The forum also showcased the unique benefits of Dubai Free Zones, which offer multiple competitive advantages and are tailored to the needs of specific sectors.
 


Story Code: 1320

News Link :
https://www.amacnews.com/en/news/1320/the-dubai-china-business-forum-was-held

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