Creating growth opportunities for Chinese companies in the MENA region

Abdulla Bin Damithan, CEO & Managing Director, DP World – UAE Region and Jafza said: “Bilateral trade between the UAE and China has surged over the years due to factors like strong trade relations and people-to-people synergies. Considering these factors, the UAE is a strategic partner of the Belt and Road Initiative that brings in a whopping 34 per cent of the global GDP. In alignment with the goals of our wise leadership and as a driver for economic growth in the UAE, we, have always been welcoming of Chinese companies from an array of sectors. Owing to our incentives and initiatives, we have seen an increasing interest from Chinese companies to invest in Dubai and strengthen their presence in Jebel Ali. With ‘Operation 300bn’, a national industrial strategy, we aim at raising the manufacturing sector’s contribution from Dh133 to Dh300 billion over the next 10 years, and support Dubai’s leadership vision to increase its foreign trade from Dh1.4 trillion to Dh2 trillion.”