Dubai Chambers has signed a Memorandum of Understanding (MoU) with the Dubai Branch of the Bank of China to foster collaboration and strengthen economic ties between the business communities of Dubai and China.
The agreement was signed by Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, and XinYuan Pan, General Manager of Bank of China – Dubai Branch, at Dubai Chambers’ headquarters.
The MoU coincides with the 40th anniversary of diplomatic relations between the UAE and China and reflects the growing trade and investment ties between the two nations.
The agreement provides a framework for enhanced cooperation, aiming to facilitate the exchange of knowledge and services and support investors, entrepreneurs, and businesses in both Dubai and China. This collaboration is expected to further boost bilateral trade and investment flows.
The signing of the MoU precedes the upcoming Dubai Business Forum – China, organized by Dubai Chambers, which will take place in Beijing on August 21.
The forum will showcase Dubai's diverse investment opportunities to Chinese investors across various strategic sectors. This partnership is seen as a significant step in strengthening the economic relationship between the UAE and China.
News Source: Emirates News Agency
