Media ININ Economy We Trust
24-03-2019 Media in\ Dubai
Dubai Multi Commodities Center (DMCC) – the leading free zone in the world and the Government of Dubai in charge of trade in commodities and projects – in partnership with Asia House – the Center for Expertise on Trade, Investment and Public Policy – is organizing the “Future of Trade: The Middle East Hub for Asia” .
More than 250 prominent business, investment and technology decision makers attended the conference, which opened today, exchanging views and predictive analyzes of the ongoing shifts in the global economic landscape.
The conference was held in cooperation with the Government of Dubai and was sponsored by HSBC and ABB London, the developer of the Royal Albert Duke project. Discussions focused on the most promising future trends in the sectors of trade, renewable energy and digital technologies.
Abdullah bin Ahmed Al Saleh, Undersecretary of the Ministry of Economy for Foreign Trade and Industry, said during his keynote address that the UAE and Asia have a long history of bilateral trade relations. Asian markets account for 60% of the UAE’s non-oil trade, and 55% UAE imports come from Asia. For example, the strategic location of the country and its business-promoting environment play an important role in China’s belt and road initiative with 4,000 existing Chinese companies in the UAE. Non-oil and remains one of its main markets as we see great opportunities for growth.
