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Dubai-based companies have invested $1.4 billion in China

news agency wam , 22 Aug 2024 - 13:03

During the Dubai-China Business Forum, Dubai-based companies have invested a total of 1.4 billion dollars in the Chinese market from 2015 to 2023, said Mohammad Ali Rashid Lootah, Chairman and CEO of Dubai Chambers.


According to Amac News: Lootah has emphasized the growing interest of Dubai-based companies to expand their presence in China, due to the increase in trade exchanges and the growing potential for mutual investment between the UAE and China.
He added that both countries are working closely to strengthen cooperation in various sectors, especially in the new economy, technology, entrepreneurship, tourism, small and medium enterprises (SMEs), energy, renewable energy, agriculture, aviation, logistics, infrastructure and labor industry. they do
The CEO of Dubai Chambers said that the number of active Chinese companies registered in the Dubai Chamber of Commerce reached about 5,400 companies at the end of the first half of 2024.
Of these, 742 companies were newly established this year, a remarkable 12 percent growth, indicating an ever-increasing increase, according to Luta.
Chinese companies have traditionally focused on sectors such as trading, logistics and business consulting in Dubai.
 


Story Code: 1322

News Link :
https://www.amacnews.com/en/news/1322/dubai-based-companies-have-invested-1-4-billion-in-china

AMAC
  https://www.amacnews.com