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Sino-UAE Investment and Trade Ties Strengthen

PUBLICATIONS / Articles / 2019 / Sino-UAE Investment and Trade Ties Strengthen
In the period ending May for 2019, bilateral trade between the UAE and China reached USD 19 billion, notching an 11.3 per cent year-on-year increase. This bode wells for enhanced cooperation between the two parties, ranging from trade, financial, tourism and real estate investment to the cultural sector.  

During the period, Chinese exports to the UAE stood at USD 29.66 billion; whereas Chinese imports from the UAE was at USD 16.26 billion. 

The UAE and China has partnered on a variety of aspects including the Belt and Road Initiative, part of the regional developments, as well as within the UAE market, through engineering contracts and in the energy industry, with large firms from both sides cooperating on multiple fronts. Most of the businesses and outposts are focused in Dubai and the capital, Abu Dhabi.

Dubai has long been the hub of investment and business activity within the UAE, but Abu Dhabi is slowly catching up to its neighboring emirate in terms of attracting Chinese investment, and the overall growing ties are beneficial for both parties. In another one of our articles, we will also look at the recently concluded state visit which saw 16 MoUs signed between various sectors from both the UAE and China. 

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