Since 2019, London has banned ads for foods that are high in fat, sugar and salt from the city’s subway trains and stations, buses and bus shelters
The agreement, signed by Dr Sultan Ahmed Al Jaber, Minister of State and Chairman of Abu Dhabi Ports, and Huang Lixin, Executive Vice Governor of Jiangsu Provincial People's Government, seeks to bolster bilateral economic ties and investments through joint ventures.
In addition to the signing ceremony, representatives from five Chinese tenant companies announced their plans to invest in the lease space, including Hanergy Thin Film Power Group, Jiangsu Fantai Mining Development (Group) Co. Ltd., Xuzhou
The five companies signed with JOCIC as the frontrunners in taking advantage of the agreement's highly competitive trade benefits. Combined, the new tenants will inject over a billion dirhams into KPFTZ, creating over 1,400 jobs, broadening the financial and physical scope of the zone while bolstering its ties the "Belt and Road" initiative. China is the UAE's second largest trading partner and the biggest exporter to the UAE. The UAE is considered a gateway to about 60 per cent of China's exports to regional markets at an annual volume of exchange of $70 billion dollars.
Building on the success of China's "Belt and Road" and Maritime Silk Road initiatives, the agreement highlights the opportunities available to both Abu Dhabi and the UAE as regional economic integration deepens and trade ties expand across Asia.
- issacjohn@khaleejtimes.com
Since 2019, London has banned ads for foods that are high in fat, sugar and salt from the city’s subway trains and stations, buses and bus shelters
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