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July 30, 2019
Dubai Multi Commodities Centre (DMCC), one of the largest trade hub of the emirate’s free zone, signed two agreements with Chinese authorities to attract foreign investments and boost trade between China and UAE.
DMCC, one of the largest business free zone in Dubai, attracts more than 3000 businesses from 17 countries.
An MOU is signed by China Council for the Promotion of Internation Trade (CCPIT) and other Chinese authorities during a roadshow to promote business activities between the two nations.
Feryal Ahmadi, the Operating officer of DMCC quoted,
“We are perfectly placed to support the Belt and Road Initiative by developing national initiatives and creating new trade flows between Dubai and China.”
The Belt and Road Program of Beijing is to create the old silk road and performs as a trading route joining China with Europe and Asia. China is the second-largest trading partner of UAE and the trading expects between two countries to expected to increase by $70 Billion by 2020.
The director of Shandong Commerce Department, Yan Zhaowan also contributed the press release and said the agreement will contribute to serving as a prime business opportunity for investors. This Programme with offer insights into the commercial appeal of Dubai and opportunities for the growth of the business sector.