The UAE and China have launched Qingdao Overseas Integrated Service Centre (QOISC) at the China-Arab Business Forum to increase the $400 billion trade between China and the Arab world.
Organized by the Qingdao Municipal People’s Government and China India Middle East and North Africa (CHIMENA) Business Council, the China-Arab Business Forum was co-hosted by the Ministry of Commerce of the People’s Republic of China and the Shandong Provincial Department of Commerce.
A total of 40 important projects were signed during the China-Arab Business Forum, with a total value of $5.93 billion, covering industries such as high-end equipment, new energy and new materials, and next-generation information technology.
The launch of the Qingdao Overseas Integrated Service Centre follows a significant surge in two-way trade between China and Arab countries, which surpassed $400 billion in 2024, as per the London-based International Finance magazine.
This represents a more than ten-fold increase from $36.7 billion in 2004. More than 15,500 Chinese companies have invested more than $6 billion in the UAE, according to the UAE Ministry of Economy.
This QOISC was established by the SEPCOIII Electric Power Construction Co. Ltd. and Hisense Group. Leveraging the two companies’ long-standing presence and influence in the UAE and other Middle Eastern countries, the Centre aims to serve as a new bridge for China-Arab economic and trade cooperation and to better support the overseas development of enterprises.
Qingdao Overseas Integrated Service Centre to boost China–Arab trade
Mohammed Saqib, Secretary-General of CHIMENA Business Council, said that, “The launch of the Qingdao Overseas Integrated Service Centre is a significant move that will play a significant role in accelerating the $400 billion trade between the two growing economic blocks. The QOISC combines the strength of the public and private sector to push for greater economic cooperation that will bring not only the businesses but also the peoples of these regions closer through trade, tourism, and cultural cooperation.”
“Using the UAE as a hub, the Qingdao Overseas Integrated Service Centre will accelerate the formation of an export-oriented alliance targeting regional markets. It will actively engage in activities such as overseas industrial parks, international exhibitions, and procurement resource matching, linking business opportunities, optimizing resources, and fostering coordinated development. This will further contribute to deepening trade and investment partnerships and to jointly building the Belt and Road Initiative,” Saqib added.
