Dubai Week in China thrives with 11 deals

Dubai Week in China thrives with 11 deals
DMCC signed three partnerships. Dubai Gold and Commodities Exchange obtained a licence from Shanghai Gold Exchange to list Shanghai Gold Futures and signed an agreement with Agricultural Bank of China for it to become the first market maker.

By Staff Report

Published: Sat 29 Oct 2016, 6:12 PM

Last updated: Sat 29 Oct 2016, 11:21 PM

The thriving UAE-China relationship reached new heights with a number of wide-reaching partnerships signed at Dubai Week in China: Shanghai, an event highlighting how the city is China's global gateway for economic development and cultural exchange.
A total of 11 agreements between leading entities, spanning diverse industries in the public and private sectors, are being signed across the Falcon and Associates initiative, co-hosted by Invest Shanghai and supported by the Shanghai Municipal Commission of Commerce (SMCC).
Ties between the twin cities were strengthened further by the announcement that the Dubai Chamber of Commerce and Industry, a non-profit public entity with 2829 Chinese firms among its membership, is opening a Shanghai office to identify mutual trade opportunities and explore investment prospects for Chinese companies ahead of Expo 2020 Dubai.
"With its world-class logistics infrastructure, Dubai is an ideal hub for Chinese companies looking to expand their global footprint," said Hisham Al Shirawi, Vice Chairman, Dubai Chamber. "There is incredible investment and trade potential in key growth sectors yet to be explored. We are confident our first representative office in China will help take bilateral relations to the next level."
Jebel Ali Free Zone (Jafza) and Dubai Multi Commodities Centre (DMCC) were among the Official Partners to use the event at The Langham Hotel, Xintiandi, as a platform to build new business alliances. With 250 Chinese companies based at Jafza and 150 at DMCC, free zones is an area of growing collaboration, with Chinese firms in Dubai.
- business@khaleejtimes.com



DMCC signed three partnerships. Dubai Gold and Commodities Exchange obtained a license from Shanghai Gold Exchange to list Shanghai Gold Futures and signed an signed an agreement with Agricultural Bank of China for it to become the first market maker, while DMCC signed an agreement with Mega Capital Halal for the export of up to 130,000 tonnes of coffee beans from Yunnan State Farms Group.
DMCC signed three partnerships. Dubai Gold and Commodities Exchange obtained a license from Shanghai Gold Exchange to list Shanghai Gold Futures and signed an signed an agreement with Agricultural Bank of China for it to become the first market maker, while DMCC signed an agreement with Mega Capital Halal for the export of up to 130,000 tonnes of coffee beans from Yunnan State Farms Group.

More news from Business