Buamim: 3,400 Chinese companies are members of the Dubai Chamber

3.67 billion dirhams of trade in Dubai and the Chinese "Shenzhen" in 2020

More than 70 Chinese companies participated in the "Product Expo in Dubai" event.

From the source

Officials reported that the trade exchange movement between the UAE and China amounted to 49 billion dollars (180 billion dirhams) in 2020, noting that trade between the cities of Dubai and Shenzhen recorded nearly one billion dollars (3.67 billion dirhams), noting that the number of Chinese companies registered in the membership of the Chamber Dubai trade, up to 3,400 Chinese companies.

In detail, the Dubai Chambers, in cooperation with the Chinese Council for the Promotion of International Trade, organized the "Shenzhen Day of China and the Products Fair in Dubai", which brought together more than 70 Chinese companies that displayed more than 350 of their advanced products, in the presence of 300 companies from the UAE, where more than 300 companies from the UAE were held. From 120 bilateral business meetings between participating Chinese and Emirati companies to discuss opportunities for bilateral partnerships.

The event, which was organized in a "hybrid" manner in Dubai and Shenzhen, at the headquarters of Dubai Chambers and the headquarters of the Shenzhen Media Group, witnessed a high-level presence and speeches by dignitaries representing the two sides.

Hamad Mubarak Buamim, Director General of Dubai Chambers, said, "The organization of this event coincided with the activities of Expo 2020 Dubai, providing a push forward towards more developed and growing joint economic relations, especially as the participating companies showcase their innovative products in the fields of consumer electronics, health, life and protection sciences. Smart.”

Buamim pointed out that the representative office of the Dubai Chambers in the Chinese city of Shenzhen plays a key role in facilitating mutual investments and introducing joint opportunities. The number of Chinese companies registered in the membership of the Dubai Chamber of Commerce, which was established under the umbrella of (Dubai Chambers), is more than 3,400 Chinese companies, While there are opportunities for cooperation in key sectors such as information technology, trade, tourism, technology, retail, logistics, financial services and real estate, in addition to manufacturing high-tech products, research and development, sustainable energy, pharmaceuticals and the digital economy.

For his part, the Secretary-General of the Executive Council of the Emirate of Dubai, Abdullah Al-Basti, stressed the depth of the relations between the cities of Dubai and Shenzhen, and said: "The UAE and the Republic of China were able to expand their trade relations and develop their partnership, which reflected positively on the movement of trade exchange between them, as the volume of trade between them reached $49 billion, of which trade between Dubai and Shenzhen witnessed nearly $1 billion in 2020. We expect an increase in the volume of foreign trade in the coming years, after a group of Shenzhen companies announced in 2021 the reservation of nearly 30,000 square meters of space and warehouses to store goods in the market. Merchants located in Jebel Ali.

For his part, the UAE Ambassador to the People's Republic of China, Ali Obaid Ali Al Dhaheri, affirmed in a recorded speech that "(Expo 2020 Dubai) contributes to providing rewarding opportunities for Chinese companies," considering that "Expo 2020 Dubai" is a global celebration of economic recovery and resilience. and civilization, calling on Chinese companies to visit the UAE and the city of the future Dubai, and to cooperate between the two sides to build a brighter future for the world based on the climate provided and created by Expo 2020 Dubai.

strategic partnership

The Commissioner-General of the Chinese Pavilion participating in "Expo 2020 Dubai", and Vice-Chairman of the Chinese Council for the Promotion of International Trade, Shenfeng Zhang, stressed the strategic partnership between the UAE and China, considering it an example in the Sino-Arab relations based on friendship, mutual respect and common interest.

He added that "organizing the Shenzhen Day will contribute effectively to promoting exchange and cooperation between Dubai and Shenzhen, and will give a strong impetus to the development of the integrated strategic partnership between China and the UAE to achieve common interests and advance economic cooperation."

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