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The UAE And China Discuss Means To Promote Joint Investments

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Open Eyes Opinion {source: WAM}

China-Arab States Expo

 

 

UAE Ministry of Economy discusses investment opportunities with Chinese Investors

 

NINGXIA, China, 13th September, 2015  — Abdullah Al Saleh, Under-Secretary of the Ministry of Economy for Foreign Trade and Industry Affairs, has discussed means to promote joint investments with more than 25 Chinese companies.

This came during a meeting organised by the Ministry of Commerce in the People’s Republic of China, at the 2015 China-Arab States Expo that is being held in the city of Yinchuan, capital of Ningxia Hui Autonomous Region.

The UAE delegation included Sharif Habib Al Awadhi, Director-General of the Fujairah Free Zone, Mohamed Juma Al Musharrkh, Head of Investment Promotion in Shurooq, Walid Abdul Karim CEO of On Time Group, Badir Al Musharrekh, the UAE’s Commercial Attache in China, and Mohammed Nasser Hamdan Al Zaabi, Director of Trade Promotion, UAE Ministry of Economy.

Al Saleh added that Chinese investment in the UAE has recently witnessed much success, but the volume of investments is still less than hoped. In this respect, he pointed out that the UAE had acquired 22% of the Chinese trade volume with Arab countries.

He discussed with Chinese businessmen the facilities and incentives provided by the UAE for foreign investments and the promising investment opportunities in various economic sectors.

With the aim of facilitating the understanding of the UAE market, Al Saleh highlighted the importance of allocating jobs for UAE citizens, which will give the companies who wish to invest in the country an additional advantage, i.e., to facilitate the communication process with government entities. WAM/Amani/Khulood

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