Dubai – based Emirati companies invest $1.4 billion in China between 2015 – 2023

Beijing, Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, said that Dubai-based Emirati companies had invested a total of $1.4 billion in the Chinese market from 2015 to 2023. Lootah highlighted the increasing interest of Dubai-based Emirati companies in expanding their presence in China, driven by enhanced trade exchanges and the growing potential for mutual investments between the UAE and China, WAM reported. "Both nations are working closely to boost cooperation across various sectors, particularly in the new economy, technology, entrepreneurship, tourism, small and medium enterprises (SMEs), energy, renewable energy, agriculture, aviation, logistics, infrastructure, and industry. These efforts are crucial for the sustainable economic growth of both countries," Lootah told the Emirates News Agency (WAM) during the 'Dubai Business Forum - China'. He also noted that the number of active Chinese companies registered with the Dubai Chamber of Commerce reached around 5,400 at the end of H1 2024. Out of these, 742 companies were newly established this year, marking a significant 12% growth, which underscores the increasing appeal of Dubai as a strategic hub for Chinese businesses looking to expand internationally. He added that the Dubai Business Forum held in China was the first international edition of this forum, which highlights Dubai's role in offering attractive investment opportunities to Chinese companies and fostering stronger economic ties between the two sides. Source: Bahrain News Agency