Dubai Chambers has signed a Memorandum of Understanding (MoU) between Bank of China – Dubai Branch to develop collaboration & enhance collaboration between the business communities in Dubai and China. This agreement coincides with the 40th anniversary of the inception of diplomatic relations between the UAE and China.
Trade and investment ties between these two markets have been growing gradually, with Dubai emerging as an increasingly attractive spot for Chinese businesses in all sectors seeking to expand both within the region and globally. President and CEO of Dubai Chambers, and XinYuan Pan, General Manager of Bank of China – Dubai Branch, at Dubai Chambers’ headquarters signed the MoU. The agreement highlights the framework for increased cooperation between both parties and is aimed at contributing to achieving their shared goals through the exchange of knowledge and services, as well as enhancing mutual support for investors, entrepreneurs, and businesses in Dubai and China to boost the growth of bilateral trade and investments and strengthen economic relations.
The signing comes ahead of the Dubai Business Forum – China, which will be held by Dubai Chambers and will take place in Beijing on August 21. The event aims to highlight the wide range of opportunities available in Dubai for Chinese investors across a wide range of strategic sectors. The Bank of China is amongst the four largest state-owned commercial banks in the People’s Republic of China. Dubai is home to the first branch of the Bank of China in the Middle East region, which was launched in 2013.
Source: Gccbusinessnews
