The UAE and China are looking for cooperation in the fields of industry, energy and infrastructure

BEIJING, on June 26 / WAM / His Excellency Dr. Sultan Ahmed Al -Jaber, Minister of Industry and Advanced Technology, Managing Director and CEO of “ADNOC” and its group of companies, met the Chairman of the Masdar Company, during a working visit to the People’s Republic of China, officials in the Chinese government and a number of CEOs of the largest companies there.

This visit comes with the aim of enhancing the strategic partnership between the two friendly countries, and expanding the prospects for cooperation in vital areas that include energy, renewable energy, industry and infrastructure.
The visit witnessed meetings with His Excellency Lan Fu Ann, Chinese Finance Minister, and His Excellency Leo Jian Chao, Chairman of the International Department of the Central Committee of the Communist Party of China, and Tousse Jia Yi, President of the Asian Bank for Infrastructure Investment, and the meetings were attended by His Excellency Hussein Ibrahim Al Hammadi, the country’s ambassador to the People’s Republic of China.
His Excellency Dr. Sultan Al -Jaber stressed that the vision of leadership in the UAE focuses on building partnerships that contribute to achieving sustainable growth, again the state’s firm commitment to enhancing and expanding the prospects for the comprehensive strategic partnership with China, and seeking to launch new projects that serve the development goals of the two countries and contribute to supporting the growth of national companies and enhancing cooperation between the governmental and private sectors, in order to achieve common interests and accelerate sustainable growth in the two friendly countries.
Al -Jaber also held, during the visit, a number of meetings with senior private sector officials and executives of a number of Chinese companies, which included Wanhuao, Chairman of the Board of Directors of Zhenhua Oil, and Liao Zingay, Chairman of the Board of Directors of Wanhua, a leader in the field of chemical industries, and Leo Holing, Chairman of the Chinese Investment Company (CIC). Dai Holiang, Chairman of the Chinese National Petroleum Company (CNPC), which is one of the largest energy and petrochemical companies in the world, Chang Chuanjiang, Chairman of the China National Oil Corporation (CNOOC), Chang Lee, Chairman of the Board of Directors of Envision, specialized in renewable energy solutions and smart energy management technologies, and Song Hyleang, Chairman of the Chinese Energy Corporation (SeeC) It works in energy and infrastructure projects, and Chen Guanfo, President of the China International Energy Company (PowerChina International).
During these meetings, the developments of cooperation in the fields of energy, renewable energy, oil, gas, liquefied natural gas and refining, petrochemical, and strategic shipping and storage, as well as discussing ways to enhance investments in areas of common concern, explore the opportunities to develop industrial infrastructure projects, within the framework of the two friendly countries’ keenness to establish industrial and technical partnerships that contribute to transferring knowledge and resettlement Technology and competition promoting.
It is worth noting that China is the first commercial partner of the UAE; Where the total trade exchange in 2024 amounted to more than 100 billion dollars, and achieved (year on an annual basis) by 7%, driven by increasing imports (18%).

The first quarter of this year also witnessed the growth of non -oil trade exchange by about 18%compared to the same period last year, driven by the growth of exports, which increased by about 32.5%, and re -export by 20.2%, while imports increased by 12.7%.

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