"Dubai Business Forum: Dubai Chambers and CCPIT Beijing Partner"

27 Aug, 2024

Dubai Business Forum: Dubai Chambers and CCPIT Beijing Partner

Dubai Chambers and the China Council for the Promotion of International Trade Beijing Subcouncil (CCPIT Beijing) have signed a pivotal memorandum of understanding (MoU) to enhance trade relations and strengthen bilateral ties between China and Dubai. This partnership is designed to support CCPIT Beijing’s member companies in establishing and expanding their investments in Dubai, aiming to bolster economic cooperation and business development between the two regions.

The agreement encompasses collaboration on organizing business events such as exhibitions and conferences, as well as facilitating visits by trade and investment delegations. This initiative is a significant step towards fostering closer commercial and business relationships between Dubai and China, helping companies from both regions build impactful partnerships.

The MoU was signed during the inaugural Dubai Business Forum – China, which drew 800 leading Chinese business figures and investors interested in opportunities arising from Dubai's Economic Agenda (D33). The forum highlighted Dubai’s commitment to doubling its economy over the next decade and solidifying its global position, while emphasizing the growth of Chinese businesses in the emirate.

Dubai Chambers’ President and CEO, Mohammad Ali Rashed Lootah, emphasized the chamber's dedication to supporting Chinese companies in Dubai, noting that the number of active Chinese companies in Dubai has grown significantly. The forum also covered various sectors, including trade, logistics, artificial intelligence, renewable energy, and healthcare, showcasing Dubai’s free zones and their benefits for investors and businesses.