Dubai seeks to boost Chinese investment and attract EV companies

12 Aug, 2024

Dubai seeks to boost Chinese investment and attract EV companies

Dubai is focusing on attracting more Chinese investment through government initiatives and strengthening ties with China. The emirate is targeting sectors such as green tech, electric vehicles, e-commerce, AI, healthcare, and renewable energy.

With historical economic cooperation, Dubai and China have seen significant trade and investment growth. China is the UAE's largest trading partner in the Arab world, and Chinese investments in the UAE grew by over 16% last year.

Dubai's Economic Agenda (D33) aims to double the emirate's economy over the next decade, attracting substantial foreign direct investment. Dubai Chambers is actively working to draw more Chinese companies to the emirate.

There is growing interest from Chinese renewable and EV companies in establishing operations in Dubai. The emirate continues to be a leading global destination for greenfield foreign direct investment projects. Dubai also seeks to collaborate with Chinese tech companies in AI, blockchain, and IoT.

A business forum in Beijing, hosted by Dubai Chambers, will bring together over 50 Dubai-based companies and 350 Chinese companies to explore investment opportunities in high-potential sectors.