DP World, a leading provider of smart logistics solutions from the United Arab Emirates, hosted a promotion event in Beijing on Thursday to encourage Chinese companies to invest in Dubai, a central trade hub for accessing the broader Middle East and North Africa region.
Hu Shengli, manager of the Department of Trade Development and Logistics of DP World, delivers a speech at the promotion event held in Beijing on May 12.
Hu Shengli, manager of the Department of Trade Development and Logistics of DP World, delivered a speech highlighting the benefits for Chinese companies investing in Dubai, particularly those aiming to access markets in the Middle East and North Africa. Jebel Ali Free Zone (Jafza), DP World’s flagship free zone and the largest customs bonded zone in the Middle East, provides access to over 3.5 billion people around the world, Hu noted. He also emphasized Dubai’s value and advantages as a key trading hub and DP World’s dedication to facilitating international trade.
In recent years, over 6,000 Chinese companies have established operations in the UAE. Bilateral trade is forecast to grow to $200 billion in 2030, according to the website of Interest Group, a global administration services provider.
Tariq AITayer, assistant to the chairman of DP World, delivers a speech at the promotion event held in Beijing on May 12. [Photo provided to China.org.cn]
Over the years, Dubai has proven itself as not just a tourism hub, but also a trade and business center. Tariq AITayer, assistant to the chairman of DP World, said that more than 400 Chinese companies had established a presence in Jafza, creating over 1,500 jobs.
Dubai is an ecosystem of trade and industrial activity spanning over 100 square kilometers of dedicated space. Dubai is recognized as a platform for the region and should be viewed as a gateway for doing business with not only the Middle East, but East Africa and India as well, AITayer noted.
“There is no limit in terms of sectors, but the industrial, manufacturing, trade, import, and export sectors will benefit most from the incentives of Jafza,” said AITayer.
Yingke Global Executive Director Yang Lin delivers a speech at the promotion event held in Beijing on May 12. [Photo provided to China.org.cn]
Yingke, a global law firm from China and one of the event’s organizers, provided insights into the legal environment and compliance issues relevant to Chinese investors in the UAE.
More than 40 companies from various fields, including logistics, medical health and manufacturing, attended the event.
According to UAE Commercial Office to China, the trade between the two countries had grown significantly over the past few years, making China UAE’s top strategic trading partner achieving more than US$72 billion in non-oil trade in 2022, a year-on-year increase of 18%.