The Abu Dhabi Chamber of Commerce and Industry has established a collaborative agreement with the China International Entrepreneurs Federation (SIEF) in Beijing during an official visit organized by the Ministry of Economy and Tourism. This partnership aims to boost economic and commercial relations between the business communities of both nations and to reinforce Abu Dhabi’s status as a global economic hub.
The agreement was signed by Ali Mohammed Al Marzooqi, the Director General of the Abu Dhabi Chamber, and Tony Dong, the chief representative of SIEF. The primary goal of this collaboration is to enhance cooperation between the business sectors of Abu Dhabi and China through the exchange of economic, commercial, and investment knowledge, as well as to establish effective communication channels that support private sector ambitions and offer greater opportunities for mutual growth.
The Abu Dhabi Chamber also participated in the “Investopia Global” events held in the Hong Kong administrative region and in Beijing on September 17 and 19, aimed at amplifying the international presence of the UAE business community and solidifying Abu Dhabi’s position as a key partner in shaping the future of the global economy.
The economic ties between the UAE and the People’s Republic of China are experiencing rapid development, with non-oil trade value between the two countries increasing by 3% year-on-year in 2024, reaching AED 327.5 billion (approximately USD 89.2 billion). This growth is attributed to an 8% rise in UAE imports, totaling AED 308.7 billion (USD 84 billion). A significant portion of these imports consists of re-exported products, further solidifying the UAE’s role as a vital gateway for Chinese goods into Middle Eastern, North African, and African markets.