Current location:world >>
Dubai commodities center attracts more Chinese firms
world18941People have gathered around
IntroductionAn increasing number of Chinese member companies have settled down at the Dubai Multi Commodities Ce ...
An increasing number of Chinese member companies have settled down at the Dubai Multi Commodities Center, the largest free zone in the United Arab Emirates and of the Government of Dubai Authority on commodities trade and enterprise, according to senior executives.
The center is looking to welcome more Chinese firms seeking global expansion, the executives said during a road show in Shanghai on March 1.
Last year, the DMCC saw 852 Chinese companies registered with the free zone, a growth of 25 percent year-on-year. Among them were major industry players Autel Robotics and Hebei Logistics Group Metal Materials, according to the center.
The latest figures reveal that the DMCC is now home to over 14 percent of the estimated 6,000 Chinese businesses based in the UAE.
"For the past two years, we have maintained a consistent 25 percent growth in Chinese companies joining DMCC. Such strong numbers are a testament to our ability to provide both the bespoke services and quality commercial space demanded by Chinese businesses," said Ahmed Bin Sulayem, executive chairman and CEO of the DMCC.
He said the DMCC is one of the biggest hubs for Chinese businesses in Dubai across various critical sectors, such as services, technology, fintech, manufacturing, gaming, renewable energy and electric vehicles.
Over the past two years, the DMCC has also noticed some new trends in the expansion of Chinese companies.
"During the past two years, more Chinese companies have been looking for growth and expansion beyond just trading. Dubai continues to be the easiest place to start, (and) then to expand into the rest of the region. So, we start to see more Chinese companies looking to Dubai but beyond Dubai," said Hamad Buamim, chairman of the board of directors at the DMCC.
Looking ahead, the DMCC is optimistic about further collaboration opportunities that Dubai presents for Chinese businesses looking to expand through global markets.
"The Belt and Road Initiative is of great interest for us. Dubai is well located in the corridor between the East and the West. We believe that Chinese companies in Dubai will definitely benefit and contribute more to this important initiative. Besides, the UAE has just joined the BRICS. This can open more opportunities for both of our countries to benefit from the economic ties and growing relationship further," Buamim added.
Muhannad Sulaiman Al Naqbi, consul-general of the United Arab Emirates in Shanghai, said at the road show: "The UAE and Shanghai share a deep connection built on a foundation of collaboration and thriving trade ties. The work that the DMCC is doing to further this cause reflects the major opportunities on offer as we work together to boost bilateral trade, and the global trade landscape as a whole."
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Earthly Encounters news portal”。http://dominicanrepublic.spaceforanything.com/content-63e399844.html
Related articles
Amtrak train hits pickup truck in upstate New York, 3 dead including child
worldNEW YORK (AP) — A child was among the three victims killed when a passenger train hit a pickup truck ...
【world】
Read moreThe Sky added plenty of star power in the WNBA draft with Kamilla Cardoso and Angel Reese
worldCHICAGO (AP) — Kamilla Cardoso and Angel Reese took South Carolina and LSU to the highest heights an ...
【world】
Read moreUS files 2nd labor complaint after Mexico refuses to act on union
worldMEXICO CITY (AP) — The United States said Tuesday it has filed a labor complaint after Mexico refuse ...
【world】
Read more
Popular articles
- Liverpool confirms Arne Slot as Jurgen Klopp's replacement
- Analysis: Kyle Larson settling in quickly as preparation continues for Indianapolis 500 debut
- Fury as police barricade entrance to right
- Fed's Powell: Elevated inflation will likely delay rate cuts this year
- Shooting injures 2 at Missouri high school graduation ceremony
- WhatsApp has made a subtle change that has left users FURIOUS
Latest articles
Nuggets blow 20
Home values rising in Detroit, especially for Black homeowners, study shows
Texas inmate Melissa Lucio's death sentence should be overturned, judge says
Gordon Ramsay serves papers to masked pub squatters who trashed TV chef's £13million London boozer
Nuggets blow 20
West Virginia transgender sports ban discriminates against teen athlete, appeals court says
LINKS
- Review planned for vaccine payouts as claims soar following the pandemic
- London mayor race: Labour's Sadiq Khan to secure record third term
- Trump says Biden is running a 'Gestapo' administration
- Inside Prince Andrew's 30
- Diamondbacks end 3
- Met Gala 2024: Theme, guest lists and how the stream. All you need to know
- ANDREW PIERCE: George Galloway has 'Red Queen' Angela Rayner in his sights
- A truck driver is accused of killing a Utah police officer by driving into him
- Dozens of pro
- Nick Gordon homers and gets 4 hits to lead Marlins past A's 12