Sharjah Asset Management, the investment arm of the Government of Sharjah, has wrapped up its strategic visit to China, aimed at expanding partnership opportunities in the areas of research and development, knowledge exchange, while exploring promising opportunities in new sectors.
This strategic visit comes as part of the broader efforts to strengthen the UAE-China bilateral relations while driving sustainable development in Sharjah.
During the visit, Sharjah Asset Management sealed an agreement with (CICC), in the presence of Sheikh Saud bin Mohammed Al Qasimi from Sharjah Asset Management; Omar Al Mulla, CEO Ossol Investment; Saeed Sharar, CEO Ossol investments; along with a group of CEOs and directors from Sharjah Asset Management, and a delegation representing the Bank of China.
Sheikh Saud bin Mohammed Al Qasimi, commented that, ”This agreement marks a new starting point for a fruitful collaboration with CICC. This partnership will open new horizons for research, investment, innovation, and the exchange of expertise and knowledge between both parties. It will also pave the way for meaningful achievements across key sectors such as finance, technology, and sustainable development, ultimately contributing to long-term economic progress.”
A spokesperson from CICC highlighted that this MoU reflects the company’s commitment to enhancing UAE-China cooperation while exploring new opportunities particularly in the fields of research and development.
“By leveraging our mutual strengths, we can address challenges and seize opportunities within our respective markets, while expanding our reach across regional and international markets,” added the spokesperson.
The agreement outlines a joint commitment to working together on innovative research projects to provide practical and sustainable solutions that benefit both the Emirati and Chinese economies.
Additionally, the partnership aims to enhance growth opportunities across various sectors such as technology, financial services, environmental sustainability, and sustainable investment strategies.
The MoU creates a solid framework for joint research initiatives aimed at fostering innovative solutions and driving long-term, sustainable growth. The agreement will include the organization of specialized workshops and seminars, alongside the implementation of applied research projects.
During the visit to china, the delegation engaged with 23 leading Chinese companies across various key sectors to explore investment and cooperation opportunities. Among the visits were Ding Dong Limited in Shanghai, H World Group, the Beijing Opera House and Stadium, and Dafa Industrial Group.
The delegation also explored the latest LiDAR technologies by Seyond, and explored promising investment opportunities and applications in the automotive and transportation sectors. Furthermore, Visits to “Pony.AI” and “Huamo.AI” introduced the delegation to potential collaboration in the fields of AI, autonomous mobility, and robotaxi technology.
