Dubai Chambers has signed a Memorandum of Understanding (MoU) with China Construction Bank (CCB) – DIFC Branch to boost investment cooperation and strengthen joint efforts to support Chinese companies wishing to expand in the Dubai market.
According to Industry sources, the MoU is focused on promoting the exchange of knowledge and expertise between both parties to enhance the support available to businesses and investors. The agreement will contribute to expanding bilateral cooperation, commencing the latest horizons for growth in diverse sectors, and supporting Dubai’s position as a leading global business destination.
Industry sources further added that the MoU was signed by Hassan Al Hashemi, Vice President of International Relations at Dubai Chambers, and Wei Luo, General Manager of China Construction Bank – DIFC Branch, at Dubai Chambers’ headquarters. The agreement commences the latest horizons for diverse cooperation between the two parties that will contribute to promoting the interests of the business communities in Dubai and China, as well as boost the bilateral trade and investment partnerships between Chinese companies and businesses in Dubai.
Industry sources further confirmed that this strategic signing of the MoU displays China’s growing significance as a global economic center and coincides with the 40th anniversary of establishing diplomatic relations between the UAE and China. The agreement will contribute to advancing trade cooperation between Dubai and China and further boost Dubai’s position as a preferred destination for Chinese investments.
The signing of the MoU coincides with the upcoming Dubai Business Forum – China, which has been organized by Dubai Chambers under the theme ‘China, Dubai, and Beyond: Igniting Global Trade and Investment’ and will take place in Beijing on August 21. The event aims to attract promising Chinese companies to Dubai and support them in leveraging the regional and global growth opportunities offered by the emirate.
