The Dubai Chamber of Commerce and Industry (DCCI) anticipates improving its bilateral relations with China at the China-UAE Trade and Cultural Exchange Summit 2016, which is hosted in Chengdu, China.
China is the top trading partner for the United Arab Emirates (UAE). Its bilateral trade with the UAE totals at more than $47 million. This is a significant rise over the $23 million in 2010; the figures show a 102 percent increase during the last six years.
“The emirate saw a 25 percent rise in the number of Chinese tourists in the first half of 2015, which clearly reflects on Dubai’s attraction to the Chinese visitors with a higher percentage expected to visit this year,” Hamad Buamim, president and CEO of the Dubai Chamber, said. “Dubai’s strategic location connecting various global trade routes such as the Silk Road and excellent logistics facilities make it the number one re-export destination in MENA with enormous potential to reach out to clients in the Middle East region, while also offering a solid base for Chinese businesses to tap into European and African markets.”
The summit is a prime opportunity to improve the area’s international relations, showing the additional investment opportunities it can offer businesspeople based in China.
“China is expected to become the leading economic power and a main supplier of manufactured goods in the world by the year 2030, and with rising demand for consumer goods in India, Central Asia and Africa, Dubai can serve as China’s gateway to these markets,” Buamim said.