UAE – Mubasher: The Dubai Multi Commodities Centre (DMCC) has partnered with Dubai FDI to host a new forum on Wednesday under the theme ‘Advancing the Dubai-China Relationship Through Trade’, as part of the fifth edition of Dubai Investment Week (DIW) 2019, according to a statement.
DIW maintained its success in boosting local and international investor confidence across the UAE, especially in Dubai.
“In the first six months of 2019 alone, foreign direct investments reached AED 46.6 billion as compared to AED 39 billion in the whole of 2018. This clearly shows confidence in Dubai’s economy for years to come,” CEO of Dubai FDI Fahad Al Gergawi commented.
Held in the Almas Conference Centre in Almas Tower, DIW received senior figures from government, trade, investment and technology to discuss investment opportunities available to Chinese companies aiming to strengthen their presence in Dubai.
“Dubai Investment Week has a huge impact on Dubai’s ability to promote itself as the ideal setting for FDI. This initiative grows Dubai’s international footprint, access to key markets and international trade flow,” executive chairman and CEO of DMCC Ahmed Bin Sulayem said.
Earlier this year, DMCC signed a memorandum of understanding (MoU) with the Hangzhou China Council for the Promotion of International Trade (CCPIT) and the Department of Commerce of Shandong Province in Qingdao to support bilateral trade between the UAE and China and to attract foreign direct investments to Dubai.
The bilateral trade between both countries is expected to reach AED 257 billion by 2020.
