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DMCC Signs two MoUs on the sidelines of Chinese Trade Mission

MEDIA / Articles / 2019 / DMCC Signs two MoUs on the sidelines of Chinese Trade Mission
During DMCC’s recent trade roadshows to the Chinese cities of Hangzhou and Qingdao, the free zone authority signed two new strategic partnerships with the corresponding Chinese authorities based in the two cities. 

Hangzhou-based China Council for the Promotion of International Trade (CCPIT) and Qingdao’s Department of Commerce of Shandong Province both agreed to cooperate with the premier free zone authority to support, strengthen, and attract bilateral trade and investment. 

DMCC hosts approximately 423 Chinese-owned companies under its jurisdiction, and is set to grow further with these partnerships, especially as the UAE continues its role as a partner in the Chinese-led Belt and Road Initiative, as well as the surge in demand for Dubai-based real estate properties for foreign investors. 
The close ties between the two nations bodes well for advancements on multiple trade and investment fronts, solidifying Sino-UAE ties. 

China-based investors and entrepreneurs, interested in the Middle East market, as well as foreign entrepreneurs looking to tap into the well-established and still growing Chinese domestic market will benefit from the strong inter-governmental, public-private partnership ties established from various initiatives led by DMCC.

DMCC, Dubai Multi-Commodities Centre, the UAE’s premier flagship free zone, and will enable potential and prospective investors to maintain 100% ownership of their businesses whilst growing and tapping into the domestic and regional market.  

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