The authority is currently taking measures to prevent any unsafe products from reaching the market
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
The authority is currently taking measures to prevent any unsafe products from reaching the market
Values reach an annual $2.6 billion in gross written premiums
The hospital has treated more than 18,000 cases that required medical intervention
Due to the recent holidays to mark Ramadan and Eid al-Fitr, students received extended leave, including for the heat alert
UAE's Ministry of Finance has put in significant efforts with the savings awareness initiatives
The appointment comes a month after parliament elected Shahbaz Sharif as prime minister
The journalist was detained for allegedly spreading "fake news" about the armed forces
Realtor holding a special sales day in Abu Dhabi