DMCC boosts Dubai – China trade relations through agreement with beijing daxing international airport economic zone

dmcc boosts dubai – china trade relations through agreement with beijing daxing international airport economic zone

During the event

DMCC – the world’s flagship free zone and Government of Dubai Authority on commodities trade and enterprise – signed an agreement with the Administrative Committee of Beijing Daxing International Airport Economic Zone (BDIAEZ) that will see the two entities work together to establish a cooperation mechanism in order to achieve greater strategic collaboration on bilateral projects and trade.

The two entities will work together to become a model for global free trade zones through the transfer of knowledge and expertise, leveraging DMCC’s experience in attracting and managing a diverse set of businesses and utilising its world-class infrastructure.

Ahmad Hamza, Executive Director – Free Zone, DMCC, said: “The economic ties between UAE and China continue to strengthen and grow rapidly, which reflects the impact we can have when we work together with trade partners towards mutually beneficial outcomes. This strategic agreement with BDIAEZ builds on this since it will further boost collaboration between Dubai and Beijing and promote new opportunities for businesses looking to expand and access new markets. Through this collaboration, we will provide a platform for any entity looking to tap into their potential and succeed by enhancing the ease of doing business.”

As a result of the agreement, both entities will provide guidance and support to any business interested in setting up in DMCC or BDIAEZ and simplify the requirements, processes and costs associated with such a move. They will also explore the joint development of an industry cluster in each free zone and share the trade infrastructure, seek to create highly globalised, interconnected and open policies for the industry and attract companies to these business districts.

Youguo Wang, Secretary of the Beijing Daxing District Committee of the Communist Party of China, and Secretary of the CPC Work Committee of BDIAEZ (Daxing), said: “Our partnership with DMCC marks an exciting new chapter for BDIAEZ. Crucially, it will also support China’s Belt and Road Initiative, using both cities as launchpads for building cooperation. We look forward to the new opportunities this strategic agreement will bring, as we are confident they will lead to additional interconnectivity between Beijing and Dubai.”

Through world-class facilities and business services and an unwavering commitment to increasing the ease of doing business, DMCC has become home to over 23,000 member companies, from large multinationals to SMEs and entrepreneurs. DMCC is currently home to over 750 Chinese companies, equating to well over 12% of all Chinese businesses registered in the UAE. In April 2023, DMCC hosted 200 Chinese business leaders during a dedicated China Business Day to support the USD 200 billion China-UAE bilateral trade growth by 2030.

China is ranked first as the UAE’s biggest trading partner, accounting for 11.84% of the UAE’s total non-oil trade in 2022, with the value of non-oil trade exchange between the two countries in the same year amounted to AED 264.2 billion, a growth of 18% from 2021. The trade value is on track to expand to USD 200 billion by 2030. China is also the third largest foreign investor in UAE, with an FDI balance of AED 34 billion in 2021.

Provided by SyndiGate Media Inc. (

News Related


Man who allegedly stole JD50,000 from vehicle in Irbid arrested

AMMAN — Criminal Investigation Department (CID) personnel on Tuesday arrested an individual who allegedly stole JD50,000 from a vehicle. According to the Public Security Directorate’s spokesperson, a complaint was filed ... Read more »

Tunisia, Jordan seek stronger cooperation in women's social and economic empowerment

26/09/2023 19:56, TUNIS/Tunisia (TAP)- Minister of Women, Family, Children and the Elderly Amel Belhaj Moussa met with Jordan’s Minister of Social Development and chair of the Inter-Ministerial Committee for Women’s ... Read more »

Oil bill increased by 18.6% in 1st seven months of 2023 — DoS

AMMAN — Jordan’s oil bill increased by 18.6 per cent in the first seven months of 2023 compared with the same period in 2022, the Department of Statistics (DoS) said ... Read more »

Toukan attends AIIB Board of Governors meeting

AMMAN — Minister of Planning and International Cooperation Zeina Toukan has participated in the eighth meeting of the Board of Governors of the Asian Infrastructure Investment Bank (AIIB) in her ... Read more »

King urges enhancing work of Audit Bureau

AMMAN — His Majesty King Abdullah on Tuesday called for enhancing the work of the Audit Bureau and its methodology in preparing reports, stressing the importance of ensuring its tasks ... Read more »

Kuwait to receive Eurofighter planes

By Faten Omar KUWAIT: Ambassador of Italy to Kuwait Carlo Baldocci has announced that Kuwait is set to receive three to four Eurofighter aircrafts in the second half of October, ... Read more »

Remember The 2008 Dodge Avenger? This BaT Auction Hopes You Don't

2008 Dodge Avenger On BaT It’s being offered with only 17,000 miles, possibly since previous owners couldn’t stand to drive it. I’ve always been pretty anti-gatekeeping when it comes to ... Read more »

Local housing market in urgent need of stimulus packages, says sector representative

AMMAN — The local housing market has witnessed a drop during the first eight months of 2023 in comparison with the same period of last year, revealed housing experts and ... Read more »

What to Watch this week: “Survivor” is back and “The Voice” welcomes new coach Reba

Plus, the season premieres of The Simpsons and Dancing With the Stars, and the debuts of The Golden Bachelor and The Boys spinoff Gen V. It’s a big week for ... Read more »

Queen inaugurates Al Karma Kitchen’s new headquarters

AMMAN — Her Majesty Queen Rania inaugurated Al Karma Kitchen’s new headquarters in Amman’s Hay Al Yasmine, on Tuesday, where she met with a number of female employees and toured ... Read more »

Family friendly supercars

Evolving as a cross between performance coupes and family estates since the 1990s, the compact executive super estate segment brings together sporty high performance driving with family-friendly hauling ability and ... Read more »

Groups address, tackle challenges facing Kuwait

By Ghadeer Ghloum KUWAIT: The Festival of Civil and Student Forces Public Speaking addressed the pressing challenges facing Kuwait today, with the most significant concern being the deterioration of the ... Read more »

Regional gender gap stands at 62.6%, conference hears

AMMAN — The Global Gender Gap Report for 2023 highlighted a significant gender gap in the MENA region compared to other parts of the world, Wafa Bani Mustafa, minister of ... Read more »

DP World spent $6 bn to become comprehensive global supply chain player: Sultan bin Sulayem

DUBAI, 26th September, 2023 (WAM) — DP World spent over $6 billion to evolve into a comprehensive supply chain player, according to the company’s CEO, Sultan Ahmed bin Sulayem. He ... Read more »

Al-Ahli secures spot in round of 16 in King's Cup

Saudi Gazette report ALBAHA — Al-Ahli advanced to the Round of 16 in the King’s Cup after defeating host team Al-Ain with a score of 3-2 in the Round of ... Read more »

Bid to curb expat hirings

By B Izzak KUWAIT: National Assembly Speaker Ahmad Al-Saadoun on Monday submitted a draft law calling to stop the appointment of expats in government jobs unless there are no Kuwaitis ... Read more »

Thieves steal $2.4m in jewellery from Delhi showroom

Diamonds, cash and gold, like that pictured here, was stolen from the showroom. Reuters Police in New Delhi are searching for thieves who stole gold and diamonds worth about 200 ... Read more »

Storm Agnes to hit UK with strong wind and heavy rain

A rainy morning for some the day before Agnes is due to arrive. PA Strong winds and heavy rain are forecast to batter Britain as Storm Agnes, the first named ... Read more »

Meet business tycoon only behind Ratan Tata, Anand Mahindra in social media followers, not Sundar Pichai, Satya Nadella

Meet business tycoon only behind Ratan Tata, Anand Mahindra in social media followers, not Sundar Pichai, Satya Nadella Legendary industrialist Ratan Tata is the most popular Indian business tycoon on social ... Read more »

Zara Just Launched A Major Fashion Collab – Modelled By Linda Evangelista, Gigi Hadid And Irina Shayk

It’s impossible to think of a famous fashion image from the last 30 years without conjuring one of Steven Meisel’s photographs in your mind. From his work with Madonna on ... Read more »

Glimpse Into Akshata Murty's Fashion Choices That Made A Style Statement At The G20 New Delhi Summit

For the G20 Summit 2023, UK Prime Minister Rishi Sunak and First Lady Akshata Murty visited India. During their visit to India, the UK Prime Minister and First Lady headed ... Read more »

'Have been proven to be abusers': Christina Ricci speaks out amid Ashton Kutcher-Mila Kunis letter controversy

‘Have been proven to be abusers’: Christina Ricci speaks out amid Ashton Kutcher-Mila Kunis letter controversy Days after actress Mila Kunis and Ashton Kutcher released an apology for the letters ... Read more »

UAE and Armenia Agree to Visa-Free Travel

UAE and Armenia Agree to Visa-Free Travel The United Arab Emirates and Armenia have agreed to waive visa requirements for citizens of both countries. This means that UAE and Armenian ... Read more »

Toyota Isn’t Planning Small Truck Even Though Dealers Want It

Toyota Stout The company admits the Ford Maverick has “done reasonably well” in terms of sales. A little over a month ago, a report emerged about Toyota’s alleged desire to ... Read more »

New York label Collina Strada unveils AI-created collection at fashion week

Collina Strada has called on AI to help create its spring/summer 2024 collection, unveiled during New York Fashion Week. With fashion so future facing – the entire industry works a ... Read more »

Novak Djokovic channels 'Mamba Mentality' to create more tennis history at US Open

In the moments between sealing victory in the US Open final and being presented with a Grand Slam trophy for a record 24th time, Novak Djokovic had time for a ... Read more »

Economic and political synergy: Saudi-Indian ties deepen with Crown Prince's visit

Saudi Gazette report NEW DELHI — The eagerly awaited official visit of Saudi Crown Prince and Prime Minister Mohammed bin Salman to India holds great significance for both nations. This ... Read more »

Daniel Khalife charged with escaping custody

Terrorism suspect Daniel Khalife has been charged with escaping custody at HMP Wandsworth, the Metropolitan Police said on Sunday. The 21-year-old former soldier, who was recaptured by police on Saturday, ... Read more »

Gadar 2 box office: Sunny Deol's film becomes 2nd-highest-grossing Hindi movie

Gadar 2 box office: Sunny Deol's film becomes 2nd-highest-grossing Hindi movie Sunny Deol’s Gadar 2 has made history at the box office. Released on the Independence Day weekend, the film ... Read more »

Jawan box office: Shah Rukh Khan starrer crosses a whopping Rs 2 billion on first weekend

Jawan box office: Shah Rukh Khan starrer crosses a whopping Rs 2 billion on first weekend If you haven’t taken out time to watch Shah Rukh Khan’s latest film, Jawan, ... Read more »
Kênh kiến thức kỹ năng, phát triển bản thân, hướng nghiệp, blog nhân sự