China re­mains Dubai’s ma­jor trad­ing part­ner

The num­ber of Chi­nese com­pa­nies reg­is­tered with the Dubai Cham­ber has smoothly, steadily crossed 3,400

The Gulf Today - Business - - FRONT PAGE - BY A STAFF RE­PORTER

DUBAI: China re­mains Dubai’s top trad­ing part­ner in 2017 with $48 bil­lion in non-oil bi­lat­eral trade. The num­ber of Chi­nese com­pa­nies, reg­is­tered with the Dubai Cham­ber, has in­creased steadily and strongly. There are more than 3,400 firms.

This was stated by Ha­mad Buamim, Pres­i­dent and CEO, Dubai Cham­ber re­cently in Dubai.

The Dubai Cham­ber of Com­merce and In­dus­try re­cently hosted a high-level del­e­ga­tion from the Shang­hai Fed­er­a­tion of In­dus­try and Com­merce (SFIC) at its head of­fice, which was led by Zhao Fuxi, Ex­ec­u­tive Vice Chair­man, SFIC.

The vis­it­ing del­e­ga­tion, joined by 12 rep­re­sen­ta­tives from the Shang­hai Fed­er­a­tion of In­dus­try and Com­merce, was re­ceived by Ha­mad Buamim, and Omar khan, Di­rec­tor on In­ter­na­tional Of­fices, Dubai Cham­ber.

Dur­ing the visit, Dubai Cham­ber signed a Mem­o­ran­dum of Un­der­stand­ing (MOU) with the Shang­hai Fed­er­a­tion of In­dus­try and Com­merce which aims to fa­cil­i­tate bi­lat­eral trade and in­vest­ment, build bridges be­tween the UAE and Chi­nese busi­ness com­mu­ni­ties and en­cour­age knowl­edge shar­ing.

Ad­dress­ing the del­e­ga­tion, Buamim elab­o­rated on the unique trade re­la­tion­ship be­tween Shang­hai and Dubai, which has strength­ened in re­cent years thanks to high-level vis­its from both sides. He ex­plained said the Chi­nese del­e­ga­tion’s visit was a pos­i­tive step which built on progress achieved dur­ing Dubai Cham­ber’s del­e­ga­tion visit to Shang­hai ear­lier this year.

In ad­di­tion, Buamim ex­plained that Dubai Cham­ber’s rep­re­sen­ta­tive of­fice in Shang­hai is ac­tively pro­mot­ing Dubai as an at­trac­tive in­vest­ment des­ti­na­tion, and iden­ti­fy­ing new op­por­tu­ni­ties in China which of­fer the most po­ten­tial for Dubai Cham­ber mem­bers and busi­nesses in Dubai.

For his part, Zhao Fuxi wel­comed re­cent ef­forts to boost eco­nomic co­op­er­a­tion be­tween Dubai and Shang­hai, and lauded Dubai’s lead­er­ship and proac­tive ap­proach to build­ing in­ter­na­tional part­ner­ships and di­ver­si­fy­ing its econ­omy. He stresses the im­por­tant role that Dubai Cham­ber’s Shang­hai of­fice is play­ing in guid­ing and as­sist­ing Chi­nese com­pa­nies that are keen to trade with Dubai, and ex­pand their global reach through the emi­rate.

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