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May 21, 2019

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Chinese firms head to Dubai

By Wang Yanlin | 00:09 UTC+8 May 21, 2019 | Print Edition

Chinese firms have a growing presence in Dubai’s free trade zone, up 31 percent by last year, making China a central part of the zone’s growth strategy, a senior FTZ executive said in Shanghai yesterday.

“We are particularly pleased with the growing number of Chinese businesses deciding to set up with us in Dubai,” said Feryal Ahmadi, chief operating officer at DMCC, the company which manages the FTZ.

Ahmadi said DMCC had made a special effort to engage with the Chinese business community last year, a strategically important growth market, including hosting a series of live seminars on WeChat to explain how to set up a company in the FTZ. The company has also opened a Mandarin website.

“We expect to attract even more companies from China in 2019,” Ahmadi said, adding that Belt and Road Initiative had played an important role in its connection with Chinese firms.

Altogether 1,868 new companies joined DMCC in 2018, a 12 percent increase, making it the world’s largest free trade zone for the fourth year.

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