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October 28, 2016

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Dubai keen to learn and share tips

DUBAI aims to help the United Arab Emirates, of which it is a part, to enhance collaboration with China under the Belt and Road initiative, and tap Shanghai’s experience on hosting the World Expo and share tips on managing free trade zones, officials from Dubai said yesterday.

“With a strong foundation of mutual respect and trust, strengthened by the common goals of our ‘Look East’ focus and China’s Belt and Road initiative, the bilateral relations continue to grow,” Fahad Al Gergawi, CEO of Dubai Investment Development Agency, said during the Dubai Week in China, which opened yesterday in Shanghai.

Al Gergawi also noted Dubai, home to a thriving Chinese community and welcoming rising numbers of Chinese visitors every year, “is preparing to host World Expo 2020, and we look forward to learning more from Shanghai’s success in 2010.”

Dubai and Shanghai have been twin cities since 2000, and Shanghai can learn how Dubai operates its ports and trade zones, said Liu Min, vice chairwoman of the Shanghai Commission of Commerce.

Over 4,200 Chinese companies operate in the UAE, up from just 18 in 2005. China has been the UAE’s second-largest trading partner since 2011, and the largest of Dubai.


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