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Mid East Info
2 days ago
- Business
- Mid East Info
Dubai Chambers organises roundtable in Beijing to boost collaboration with China Machinery Industry and attract advanced technologies in line with D33
New MoU signed to advance bilateral economic cooperation H.E. Mohammad Ali Rashed Lootah: 'We are committed to strengthening the economic ties between Dubai and China and advancing bilateral cooperation in priority areas, particularly the industrial sector.' • Dubai Chambers signed an MoU with the China Machinery Industry Federation to assist the federation's members in establishing and expanding their operations in Dubai to capitalise on growth opportunities in the emirate. Dubai, UAE – Dubai Chambers organised a roundtable in Beijing recently with the China Machinery Industry Federation (CMIF), to attract companies specialised in advanced technologies in line with Dubai Economic Agenda (D33). The event was aimed also at strengthening collaboration and supporting the expansion of Chinese industrial companies into Dubai. On the sidelines of the roundtable, Dubai Chambers signed a Memorandum of Understanding (MoU) with CMIF in the presence of H.E. Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, and Niansha Xu, Chairman of the China Machinery Industry Federation. The MoU seeks to enhance bilateral cooperation, strengthen ties between the business communities in Dubai and China, and establish a framework for exploring joint opportunities across key sectors. H.E. Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, commented: 'We are committed to strengthening the economic ties between Dubai and China and advancing bilateral cooperation in priority areas, particularly the industrial sector. This will open new opportunities for the private sector and contribute to sustainable economic growth. We remain dedicated to supporting Chinese industrial companies in capitalising on Dubai's growth opportunities and unique competitive advantages as a leading global business hub.' Under the terms of the MoU, Dubai Chambers will provide comprehensive support to CMIF member companies to help them establish and grow their operations in Dubai and capitalise on the emirate's attractive expansion opportunities. Meanwhile, CMIF will support companies operating in Dubai in building partnerships with their counterparts in mainland China. The two sides will also expand cooperation in specialised trade exhibitions, business missions, and the exchange of economic and trade data. The roundtable brought together officials and representatives from leading industrial associations and major Chinese companies operating across sectors such as the automotive industry, construction, industrial machinery, agriculture, and water purification. Discussions focused on increasing bilateral trade and investment in these areas and exploring how Dubai's specialised exhibitions can serve as a platform for Chinese manufacturers to expand regionally and globally. Participants also reviewed Dubai's growing focus on future-facing sectors, including artificial intelligence and robotics. The event highlighted Dubai Chambers' role in supporting both Chinese SMEs and major industrial players in leveraging Dubai as a gateway to global markets. Strategic cooperation opportunities between Dubai Chambers and CMIF and its affiliates were also explored, with the goal of attracting more Chinese industrial companies to establish a presence in the emirate.
Hi Dubai
2 days ago
- Business
- Hi Dubai
Dubai Chambers Strengthens Industrial Ties with China through CMIF Partnership
Dubai Chambers has signed a strategic agreement with the China Machinery Industry Federation (CMIF) in Beijing to boost bilateral cooperation and attract Chinese industrial firms to Dubai, in line with the emirate's economic ambitions under the Dubai Economic Agenda (D33). The signing took place during a roundtable hosted by Dubai Chambers and CMIF, aimed at promoting advanced technology collaboration and supporting Chinese companies seeking regional expansion. The event gathered key players from sectors including automotive, construction, industrial machinery, and water purification. The Memorandum of Understanding was formalised in the presence of Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, and Niansha Xu, Chairman of CMIF. It outlines plans to enhance economic ties, facilitate knowledge exchange, and encourage joint ventures across priority sectors. Lootah emphasised Dubai's commitment to creating long-term growth opportunities, noting that the partnership would support Chinese firms in leveraging Dubai's position as a global business hub. Under the agreement, Dubai Chambers will provide end-to-end support to CMIF member companies looking to establish operations in the emirate, while CMIF will assist Dubai-based firms in forming partnerships within mainland China. The collaboration also extends to trade exhibitions, business missions, and data exchange initiatives. The roundtable highlighted Dubai's increasing focus on innovation-led industries such as AI and robotics and reaffirmed Dubai Chambers' efforts to position the city as a launchpad for Chinese manufacturers targeting regional and global markets. News Source: Emirates News Agency
