Port Operator to support the Belt & Road Initiative
DP World, UAE Region is to boost its partnership with Chinese companies with the aim of boosting trade between the UAE and China. The smart trade enabler hosted a webinar in partnership with the Chinese Business Council in the UAE to discuss business opportunities for Chinese companies in the MENA region under the Belt & Road Initiative (BRI).
In his opening speech Abdulla Bin Damithan, CEO & Managing Director, DP World – UAE Region and Jafza shed light on how Dubai is a gateway for Chinese exporters, allowing access to four billion customers.
HE Li Xuhang, Consul General of the People’s Republic of China in Dubai, gave insights on bilateral strategic relations, while Zhenwei He, Secretary General of China Overseas Development Association highlighted the China-UAE economic and trade outlook.
In alignment with their goal of augmenting UAE-China trade, DP World in partnership with Zhejiang China Commodity City Group (CCC) recently launched the Yiwu Market as part of the first phase of Dubai Traders Market, located in the heart of Jafza.
As one of the biggest trade partners of the UAE, China’s non-oil trade in 2019, valued at over US$ 49bn, while imports stood at 15 per cent of total UAE imports of non-oil trade, valued at US$ 33bn.
