DMCC has signed a strategic Memorandum of Understanding (MoU) with Hong Kong Tinkam Capital (HKTC) to explore the development of a power and energy equipment manufacturing park in Dubai, strengthening industrial cooperation and investment between the UAE and China.
The agreement establishes a framework for collaboration to support the development of the proposed manufacturing park while attracting upstream and downstream Chinese companies across the industry value chain in sectors including advanced manufacturing, green technology and energy.
Under the partnership, DMCC and HKTC will facilitate knowledge exchange, promote industrial investment opportunities and connect prospective Chinese enterprises with DMCC’s business ecosystem to support the expansion of Chinese companies into Dubai.
The MoU was signed during a high-level visit to DMCC led by Guo Hongwei, Executive Deputy Director of the Management Committee of the New Quality Productive Forces Development Fund under the China Economic Reform Research Foundation, alongside Ye Xiongchang, Chairman of Hong Kong Tinkam Capital, and senior representatives from China’s advanced manufacturing, green technology, power and energy sectors.
The visit was facilitated by Wu Yufan (Elvis Wu), President of Longdy Group Greater China Region. The delegation was welcomed by Ahmad Hamza, Chief Free Zone Affairs Officer at DMCC.
The MoU also provides a framework for identifying investment opportunities, engaging prospective enterprises, sharing expertise and supporting projects that contribute to the development of Dubai’s industrial and energy ecosystem.
Ahmad Hamza Chief Free Zone Affairs Officer – DMCC
“China remains one of DMCC’s most important strategic markets, with more than 1,000 Chinese companies now operating from our district and registrations growing at double-digit rates over the past five years. We welcome this partnership with Hong Kong Tinkam Capital that reflects our shared ambition to deepen commercial ties between the UAE and China while creating new opportunities across advanced manufacturing and energy infrastructure. By combining Hong Kong’s industrial expertise with Dubai’s world-class business environment, we are creating a platform to attract investment, strengthen industrial capabilities and support the next phase of economic growth.”
Ye Xiongchang, Chairman, Hong Kong Tinkam Capital, said that, “This partnership reflects the growing momentum of the Dubai-Hong Kong investment corridor and creates a strong platform for deeper industrial collaboration between our two markets. Together with DMCC, we will explore opportunities to develop a world-class power and energy equipment manufacturing ecosystem in Dubai while supporting Chinese enterprises looking to establish and grow their presence in the UAE.”
The agreement with Hong Kong Tinkam Capital comes as economic ties between the UAE and China continue to expand. China remains the UAE’s largest trading partner, while DMCC hosts more than 1,000 Chinese companies across sectors including energy, technology, construction, financial services, and precious metals and stones.
