Dubai Firms Invest $1.4 Billion in China’s Market Growth

23 Aug, 2024

Dubai Firms Invest $1.4 Billion in China’s Market Growth

Dubai-based companies have invested $1.4 billion in the Chinese market from 2015 to 2023, according to Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers. This investment surge reflects the growing interest of Dubai firms in expanding their footprint in China. Enhanced trade exchanges and mutual investment opportunities between the UAE and China are driving this trend.

Both nations are collaborating closely to strengthen ties across various sectors, including technology, entrepreneurship, tourism, and renewable energy. These joint efforts are crucial for sustaining economic growth in both countries. Lootah noted that as of mid-2024, around 5,400 Chinese companies are registered with the Dubai Chamber of Commerce, with 742 of these established this year alone, marking a 12% increase. This growth highlights Dubai’s rising appeal as a strategic hub for Chinese businesses seeking international expansion.

While Chinese investments in Dubai have historically centered on trade and logistics, there is now a growing focus on emerging sectors such as AI, green technologies, data centers, and Web 3. The Dubai Business Forum in China, the first international edition of the forum, underscores Dubai’s commitment to attracting Chinese investment and strengthening economic relations between the two nations.