Media ININ Economy We Trust
Hong Kong 11-09-2019 / WAM
The Fujairah Chamber of Commerce and Industry will participate in the fourth summit of the Belt and Road Initiative, which kicked off today in Hong Kong, and will last for two days with the presence of government delegations from 80 countries.
The delegation of the Chamber includes HE Ahmed Sultan Al Hantoubi, Second Deputy Chairman of the Chamber, Chairman of the delegation, HE Saif Ali Saif Al Attar, Member of the Chamber’s Board of Directors, and HE Sultan Al Hindasi, Director General of Fujairah Chamber of Commerce and Industry.
On the sidelines of the participation in the summit, Al Hantoubi said that the participation of the UAE delegation in the Belt and Road Summit gives a clear indication of the government and private interest in the UAE to support the visions and projects of the Belt and Road Initiative, and this is reflected through the intensive participation of UAE companies in the summit. The document is a candidate for further growth, with a high degree of confidence in the two leaderships, especially after the recent visit of His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, to China and achieve a new qualitative leap in the size of partnership and integration with this Asian giant, Which is today the largest rising power in the world.
He said that the UAE enjoys strong relations with China and Hong Kong, in light of the mutual desire of the governments of both sides and the continuous efforts to work together to achieve mutual benefit for the two friendly peoples, pointing out that the volume of trade exchange between the two sides is witnessing continuous growth. In the Middle East, about 60% of Chinese exports to the region pass through the country.
Al-Hantoubi pointed out that the participation of the Fujairah Chamber delegation within the UAE delegation to the summit comes with the aim of promoting investment in the emirate, where the Emirate of Fujairah is taking rapid steps towards comprehensive economic development, and has become the focus of attention of the world in all economic fields, especially the oil storage and derivatives sector. Based on its strategic location on the Indian Ocean.
The Emirate of Fujairah is the first in the world to store oil with a total capacity of 42 million barrels, which will directly contribute to the recovery of the regional economy, and provided it with many new economic elements that provide hundreds of jobs, construction of many buildings, and open new commercial markets in the field of oil storage and export Raw.
