It witnessed the signing of several agreements .. The Abu Dhabi economic delegation concludes a visit to China

2025/02/22 7:06:39 PM

4 minutes read

Abu Dhabi, February 22/ WAM/ The Abu Dhabi Economic Commission, led by the Department of Economic Development-Abu Dhabi, concluded a successful visit to the People’s Republic of China. And commercial partners.

During the visit, the features of the “Falcon Economics” and the vast growth opportunities available in Abu Dhabi were reviewed, and its commitment to achieving the goals of strategies that focus on benefiting with new trends and changes in the global economy.

During the visit, the Abu Dhabi government and the Shanghai municipal government signed a strategic cooperation agreement that includes many areas such as business, trade, finance, science, technology, education, culture, health care, tourism and ports.

The Department of Economic Development- Abu Dhabi and the Foreign Affairs Office of the Shanghai Municipal Government supervises efforts and initiatives in order to achieve the goals of the agreement in compliance with the joint ads and data announced by the leaders of the Emirates and China.

The talks held by the delegation with government officials and business leaders and investments in Beijing, Shanghai, Shanezen and Hong Kong included meetings with His Excellency Shen Jenning, member of the Political Bureau of the Central Committee of the Communist Party in the People’s Republic Jong Zing, the mayor of Shanghai, and His Excellency John Lee, John Lee The CEO of the Hong Kong Special Administrative Region.

The delegation discussed the enhancement of new cooperation and opportunities with a number of leading economic groups such as byteedance, Xiaomi and Legend Holding, Xiaohongshu, BYD, and CIC CICC, CITL.

His Excellency Ahmed Jassem Al-Zaabi, Head of the Department of Economic Development- Abu Dhabi said that our visit to China has achieved a lot of positive results, and we continue our efforts to develop the partnership by exploring new opportunities in areas that are characterized by high capabilities for growth, and emerging industries from the solid ground for cooperation between us and confirms the growing growth of trade exchange The joint investments between the UAE and China are our commitment to enhancing strategic cooperation Based on trust, cooperation and common vision to deal with challenges in the global economy.

His Excellency added that economic cooperation plays a pivotal role in consolidating relations, which motivates us to redouble our efforts to build bridges and strengthen ties with the most prominent economies, influential forces, and commercial partners around the world, imitating the forward -looking vision of our wise leadership that focuses on cooperation for building A better future for everyone.

Economic cooperation between the UAE and China has witnessed remarkable growth in recent years, as trade exchange increased from two billion US dollars (7.4 billion dirhams) in the year 2000 to about 100 billion dollars (367 billion dirhams) in the year 2023.

In the first 9 months of the year 2024, the trade exchange between the two countries increased to 74.5 billion dollars (273.4 billion dirhams), and it is expected to double to 200 billion dollars (734 billion dirhams) by the year 2030.

Chinese investments in the UAE witnessed 16%growth, while Emirati investments in China jumped by 120%.

The number of Chinese companies registered in the Abu Dhabi Chamber of Commerce and Industry increased by 38% in the year 2023 and 69.4% in the year 2024, which confirms the attractiveness of the business sector in Abu Dhabi for Chinese companies and investments.

Participated in the meetings and events held by the delegation in China, His Excellency Badr Salim Sultan Al -Alami, Director General of the Abu Dhabi Investment Office, His Excellency Rashid Lahaj Al -Mansouri, Director General of Abu Dhabi Customs, His Excellency Shams Ali Al Dhaheri, Second Deputy President of the Abu Dhabi Chamber and Managing Director, and His Excellency Hamad Sayyah Al Mazroui, CEO of Power Registration in Abu Dhabi International ADGM, Ahmed Ali Alwan, CEO of Hub71 and a number of leaders of the authorities Government, institutions and private sector companies in Abu Dhabi.

The Abu Dhabi Investment Forum, organized by the Abu Dhabi Investment Office in partnership with Abu Dhabi International ADGM in the cities of Beijing and Shanghai on February 18 and 20, attracted a group of investors and business leaders in China to explore opportunities in Abu Dhabi and benefit from the business system in the emirate to achieve growth and expansion globally.

The Abu Dhabi Investment Office and Abu Dhabi Global ADGM signed agreements and strategic partnerships with a number of leading Chinese institutions and companies including the “Fosson International Ltd.” investment based on innovation on the Hong Kong Exchange under the symbol (00656), the “Higon” consulting group, and “Wind Infaration “financial and financial information provider, Yakay is the financial media group, providing information, research and analyzes in economics, finance, technology, startups and entrepreneurship. The agreements focus on introducing investment opportunities in Abu Dhabi for companies and investors in China, exchanging information, data, research and economic and financial analyzes, supporting the global expansion of Chinese companies, and deepening economic relations between Abu Dhabi and China.

The Abu Dhabi Chamber of Commerce and Industry signed a strategic cooperation agreement with the Shanghai Federation for Industry and Trade to develop cooperation in trade and investments, and to unify efforts to support Chinese companies to establish their operations in Abu Dhabi.

The “Abu Dhabi -Shanghai” business meeting, organized by the Abu Dhabi Chamber, witnessed a wide participation of the business sector in China and the UAE to build partnerships during the bilateral meetings included in the forum.