Abu Dhabi has signed groundbreaking agreements with China aimed at enhancing cooperation between government entities and private sector companies in Abu Dhabi and China, reinforcing the emirate’s commitment to forging partnerships with leading economies and trading partners.
Agreements were signed during an Abu Dhabi economic delegation’s visit to China. The delegation was led by the Abu Dhabi Department of Economic Development (ADDED). The visit was successfully wrapped up, spotlighting the ‘Falcon Economy’s’ attributes, opportunities available in Abu Dhabi, as well as the emirate’s ongoing efforts to develop transformative strategies that address the evolving needs of the global economy.
Abu Dhabi Government has signed a strategic agreement with Shanghai Municipal People’s Government. The agreement covers diverse areas including business, trade, finance, science, technology, education, culture, health, tourism, and ports.
The Foreign Affairs Office of the Shanghai Municipal People’s Government and ADDED will spearhead initiatives to achieve the objectives of the agreement in line with the joint communiqués and statements announced by the leaderships of the People’s Republic of China and the UAE.
During the visit, the Abu Dhabi economic delegation actively engaged in bilateral meetings with top government officials, key businesses and investors in Beijing, Shanghai, Shenzhen, and Hong Kong.
The meetings included Chen Jining, Member of the Politburo of the Chinese Communist Party and Party Secretary of Shanghai, Yin Yong, the Mayor of Beijing, Gong Zheng, Mayor of Shanghai and John Lee, Chief Executive of Hong Kong.
The economic delegation also explored new opportunities with leading Chinese powerhouses including ByteDance, Xiaomi, Legend Holding, Xiaodong, BYD, CICC, and CATL.
Ahmed Jasim Al Zaabi Chairman – ADDED
“We are pleased with the outcomes of our visit to China, building on strong foundations to further enhance our partnership by exploring new opportunities in clusters with high-growth potential and emerging industries. The steady and impressive growth of bilateral trade and mutual investments between the UAE and China is a testament to our shared commitment to further strengthen the strategic cooperation, based on mutual trust, collaboration, and a common vision to address global economy’s challenges. As economic cooperation is a key pillar in cementing relations, we are forging ahead with efforts to build bridges and enhance bonds with key economies, powerhouses, and trading partners around the world, guided by our leadership’s collaborative and proactive approach to shaping a better future for all.”
Badr Al Olama, Director General of the Abu Dhabi Investment Office (ADIO), Rashed Lahej Al Mansoori, Director General of the Abu Dhabi Customs, Shamis Al Dhaheri, Second Vice Chairman – Managing Director of the Abu Dhabi Chamber, Hamad Sayah Al Mazrouei, CEO of the Registration Authority ADGM, and Ahmad Ali Alwan, CEO of Hub71, as well as senior officials and executives from the government and private sector participated in meetings and events.
The Abu Dhabi Investment Forum (ADIF), organized by ADIO and ADGM in Beijing and Shanghai, provided a platform for Chinese investors and businesses to explore opportunities in the emirate and capitalize on its business-friendly ecosystem to drive growth and expand globally.
During the visit, ADIO and ADGM signed agreements with leading Chinese entities such as Fosun International Limited, a global innovation-driven consumer group; Hejun Group, one of China’s leading consulting firms; Wind Information, China’s leading financial information services provider; and Yicai, a leading Chinese financial media group and provider of reliable and insightful information and analysis of the economy, finance, tech, startups, and entrepreneurs.
The goal of these agreements is to introduce Abu Dhabi’s investment opportunities to leading Chinese businesses and investors, enhance investment intelligence, support Chinese companies’ international expansion, and strengthen economic ties between Abu Dhabi and China.
The Abu Dhabi Chamber of Commerce and Industry (ADCCI) signed a strategic cooperation agreement with the Shanghai Federation of Industry and Commerce aimed at fostering bilateral trade and mutual investment collaboration and to streamline joint efforts to support Chinese companies looking to expand in Abu Dhabi.
The Abu Dhabi-Shanghai Business Forum, organized by ADCCI, provided a thriving platform for businesses in China and the UAE to forge relations and sign agreements in B2B meetings.
