Dubai, Shanghai to boost trade
dubai — Dubai Week in China: Shanghai — an event highlighting how Dubai is a global gateway for economic development and cultural exchange — began on Thursday with the signing of an agreement to increase trade and investment cooperation between the twin cities.
Demonstrating the strengthening of ties, the memorandum of understanding (MoU) between Dubai Investment Development Agency (Dubai FDI) and Invest Shanghai set the tone for the event initiated by Falcon and Associates, co-hosted by Invest Shanghai and supported by the Shanghai Municipal Commission of Commerce (SMCC).
Abdulla Al Saleh, under-secretary of the UAE Ministry of Economy for Foreign Trade and Industry Affairs; Hanmin Zhou, vice-president, Shanghai Municipal People’s Political Consultative Conference; and Liu Min, Vice-Chairwoman, SMCC, opened the event that aims to build on the success of the inaugural Dubai Week in China in Beijing last year, celebrate the thriving relationship and create connections for future mutual growth.
“Dubai Week in China: Shanghai signals the importance the UAE places on our strategic partnership with China and that we are committed to collaborating on new opportunities and enhancing economic and cultural bonds between our two great nations,” said Al Saleh, addressing more than 250 Chinese government officials, business and thought leaders, entrepreneurs and investors.
“Strategically located at the crossroads of East and West — with a network of air, sea and road links which enable seamless connectivity with the world — the UAE is a global hub for trade, travel, finance and investment and a perfect partner for China and the Belt and Road Initia-
the Uae is a global hub for trade, travel, finance and investment and a perfect partner for china and the belt and road initiative
Abdulla Al Saleh, Under-secretary, UAE Ministry of Economy for Foreign Trade and Industry Affairs
tive. China and the UAE share an energy and drive and the relationship is going from strength to strength,” said Zhou. “This event is a tremendous opportunity for business leaders from Shanghai and Dubai to foster friendships, gain greater levels of mutual understanding and discuss new opportunities which will bring us closer together and further strengthen economic and cultural ties.”
“The Shanghai-Dubai relationship is flourishing and the increased cooperation between us is creating greater opportunities for cultural understanding and exchange which in turn is helping unlock economic growth,” said Min.
— business@khaleejtimes.com