Media ININ Economy We Trust
Media IN DUBAI 13th-07-2019
The Dubai Multi Commodities Centre (DMCC) has signed two memoranda of understanding (MoU) with the Hangzhou China Council for the Promotion of International Trade (CCPIT) and the Department of Commerce of Shandong Province in Qingdao.
Under the agreement, the organisations will cooperate to support, strengthen and boost bilateral trade between the UAE and China and attract foreign direct investment (FDI) to Dubai, according to the Emirates News Agency (WAM).
The CEO of DMCC, Feryal Ahmadi, said, “DMCC has successfully created a global hub for trade in the region, and offers a valuable gateway to Asia. As such, we are perfectly placed to support the Belt and Road Initiative by developing national initiatives and creating new trade flows between Dubai and China. DMCC houses round 4,000, or 10%, of Chinese companies in the UAE.
During his speech, CCPIT Hangzhou’s president Wang Guozhen said that the collaboration will enable UAE to further support China’s Belt and Road Initiative and strengthen and diversify trade ties between our two countries. He called upon for cooperation and introducing investment opportunities to the business community in Hangzhou
