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Latest Steps Between China-UAE Trading Partnerships 中国与阿联酋贸易合作最新动态

浏览: 发表时间:2018-07-19 11:39:00

Xi Jinping will visit United Arab Emirates today on first trip outside China after re-election for another term. UAE is the largest Arab trading partner of China, with a total export value evaluated at $11 billion in 2016 and with an annual trading volume between the two countries above $36 billion. In 2015, the UAE-China relationship took a major step forward through the establishment of a $10 billion strategic co-investment fund, focusing on diversifying investments in a range of growth sectors such as renewable energy, infrastructure, technology and advanced manufacturing to support the Belt and Road Initiative. Two hundred thousandChinese citizens and 4,000 Chinese firms are currently working in the UAE. China’s top four banks have a presence in the UAE, and there are over 100 flights a week between the two countries. Additionally, the number of Chinese tourists rose by 26% year-on-year in 2016 to 880,000.




In the week preceding the Presidential officialvisit, several agreements were established between both countries.




The cooperation in the Energy sector will be an important subject tackled. Total UAE’s export to China was valued at $11 billion in 2016 and at 60% composed by Crude petroleum, Petroleum Gas, Coal Tar oil and refined Petroleum. Crude consumption in China is set to rise by 4.6% year-on-year to 12.05 million barrels per day in 2018. On July 9th, Dr. Sultan Ahmed Al Jaber, UAE Minister of State and Abu Dhabi National Oil Company Group CEO, met with Wang Yilin, Chairman of the China National Petroleum Corporation in the aim to deepen investment partnership ties with major Chinese oil and gas firms. On July 10th, as part of the "oil and gas-plus" model, Xi Jinping pledged a package of US$20 billion in loans and about $106 million in financial aid, to spur economic growth in Arab countries.




On July 11th, Dubai Multi Commodities Centre (DMCC) signed a Memorandum of Understanding (MoU) with China Council for the Promotion of International Trade (CCPIT). It aims to connect the Wuhan business community to Dubai’s global gateway to access fastest-growing markets worldwide. Major Chinese firms such as Hisense, Hikvision, China Petroleum Engineering & Construction Corporation (CPECC), China Petroleum & Chemical Corporation (Sinopec), China Harbour Engineering Company, Power Construction Corporation of China and CHEMCHINAare already registered in Dubai.




To foster trade and cultural exchange between Dubai and China, Meraas launched at the beginning of the year a new initiative - Hala China - to enhance the number of visitors from China to the UAE. On July 15th, Meraas announced the establishment of Hala China board of directors with a broad range of expertise from the tourism industry and the wider economy, leveraging opportunities in travel, trade and investment sectors. This program aims to ameliorate the quality of services (payment, transportation, accommodation) received by Chinese tourists in the UAE. It will include Mandarin Chinese hotline and concierge services that can be accessed by all Chinese speakers visiting Dubai. Union Pay is targeted to be the official payment partner for the initiative and Emirates Airline was appointed official carrier.


为了促进迪拜和中国之间的贸易和文化交流,Meraas在今年年初推出了一项新举措——“拥抱中国”(Hala China),以提高中国到阿联酋的游客数量。在7月15日,Meraas宣布成立Hala China董事会,该董事会成员在旅游业和更广阔的经济领域拥有广泛的专业知识,撬动旅游、贸易和投资领域的机会。该项目旨在改善中国游客在阿联酋所享受的服务(付款、交通、住宿)的质量。它将包括普通话热线和门房服务,所有来迪拜的汉语使用者都可以使用。联合支付(Union Pay)将成为官方支付合作伙伴,阿联酋航空则被指定为官方承运人。


The Chairman of Makkah Investment, Mr. Sultan Alsadoon will also attendthe Dubai meetings that attracting worldwide attention and seek to create and introduce investment opportunities to our clients in both China and the Arab world. Contact us if you are interested in the great business opportunities among China and Arab countries.



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