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Sheikh Mohammad Bin Rashid with Chinese Vice President
BEIJING, 27th April, 2019 / Media IN
Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum, said that the UAE plays an integral part in pushing forward international efforts to enhance global economic growth due to its strategic location at the centre of trade routes connecting East and West.
HH Sheikh Mohammed confirmed the UAE’s role as a major player in china’sBelt and Road global megaproject after announcing on Friday that deals worth $ 3.4 billion (Dh12.49 billion) have been agreed by the two countries
The merchants’ markets scheme will include large logistic ware houses and wholesale retail outlets.
During his state visit to the People’s Republic of China as the head of the UAE’s delegation to the 2nd Belt and Road Forum for International Cooperation in the Chinese capital Beijing, His Highness attended the signing ceremonies of two agreements. The first was signed by DP World’s Group Chairman Sultan Ahmed bin Sulayem, and Wenge Zhao, Chairman of Zhejiang China Commodities to use the ‘Traders Market’ to store and ship Chinese products to the world from Jebel Ali.
On his tweeter page,His Highness Sheikh Mohammed bin Rashid Al Maktoum, wrote;
”We have launched 60 million square feet ‘Traders Market,’ an international station for the Belt and Road intiative in Dubai opposite to Expo site. Our chinese partner will invest $2.4 billion in using the station to store and ship Chinese products from Jebel Ali to the world.”
The second agreement was signed by DP World’s Group Chairman Sultan Ahmed bin Sulayem, with Ma Xuezhong, President of China-Arab Investment Fund Management Co. (Ningxia); Yu Zhiqiang, President of Winland Investment Holding Company nd Hu Wei, China CO-OP Group President of Ocean Economic Development Co. to create a US$1 billion ‘Vegetable Basket’ project in Dubai to import, process, pack and export agricultural, marine and animal products to the world through the new Silk Road.
”We also launched a $1 billion ‘vegetable Basket’ project in Dubai, supported by the China -Arab investment Fund, to import, process, pack and export agricultural, marine and animal products to the world through the new silk Road. UAE will be a vital station along the silk Road.” Said His Highness Sheikh Mohammed bin Rashid Al Maktoum on his tweeter page.
The signing ceremonies were also attended by HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Civil Aviation Authority and Chairman and Chief Executive of Emirates Airline and Group; Mohammad Abdullah Al Gergawi, Minister of Cabinet Affairs and the Future;Sultan bin Saeed Al Mansouri, Minister of Economy; Dr. Anwar Gargash, Minister of State for Foreign Affairs; Reem bint Ibrahim Al Hashiemy, Minister of State for International Cooperation; Dr. Sultan Al Jaber, Minister of State; Khaldoon Khalifa Al Mubarak, the Managing Director and Group Chief Executive Officer of the Mubadala Investment Company; Khalifa Saeed Sulaiman, Director General of Dubai’s Protocol and Hospitality Department; and Dr. Ali Obaid Al Dhaheri, the UAE Ambassador to the People’s Republic of China.
The Belt and Road initiative, one of the Chinese President Xi Jinping’s signature policies, combines a land ”economic belt” and a ”maritime silk road” to link China with South-East , South and central Asia, the Arabian Gulf, North Africa and then finally Europe.
The three day forum is being attended by 37 leaders
