MoUs enhance bilateral trade between the two countries
Al Khayyat Investments (AKI) has signed two Memorandum of Understanding (MoUs) to enhance bilateral economic cooperation and promote sustainable trade and investment between the United Arab Emirates and the People’s Republic of China.
The signing ceremony took place in the presence of HH Sheikh Theyab Bin Mohamed bin Zayed Al Nahyan, Deputy Chairman of the Presidential Court for Development and Fallen Heroes’ Affairs, and Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of Foreign Trade.
The agreements were signed by Zaid S. Al Khayyat, Managing Director, Al Khayyat Investments (AKI), with Cainiao, an Alibaba company, to advance collaboration in logistics and technology, and BioBAY, focusing on cooperation within the life sciences sector.
Expo participation
The MoUs were formalised during Al Khayyat Investments’ participation at the 8th China International Import Expo (CIIE) in Shanghai, at the China–UAE Economic & Trade Cooperation Promotion Conference, where the United Arab Emirates was the Guest of Honour Country.
“These MoUs between Al Khayyat Investments and Cainiao and BioBAY represent the latest steps towards cementing the trade and investment ties between our two private sectors in vital, high-growth industries,” confirmed the Minister.
“We look forward to unlocking new opportunities in logistics, technology, and life sciences and more that benefit both economies and the region,” commented Al Khayyat.
