UAE-China Investment Summit Strengthens Economic Ties Amid 40-Year Partnership

The UAE-China Investment Summit, hosted by HSBC in collaboration with Abu Dhabi Global Market (ADGM) during Abu Dhabi Finance Week (ADFW), concluded with a strong emphasis on bolstering economic ties and fostering strategic partnerships.

The summit, celebrating 40 years of diplomatic and economic relations, brought together policymakers, investors, and industry leaders to explore collaboration opportunities in trade, investment, sustainable finance, technology, and infrastructure.

Salem Mohammed Al Darei, CEO of ADGM Authority, highlighted the summit's significance, stating,

“This collaboration underscores Abu Dhabi's potential as the 'Capital of Capital' and ADGM's role as a leading international financial centre.”

He reaffirmed the UAE's commitment to supporting strategic partnerships that drive innovation, sustainable growth, and cross-border investments.

Zhang Yiming, China’s Ambassador to the UAE, emphasized the enduring partnership, saying,

“This summit reflects our shared ambitions and commitment to building stronger connections that benefit both nations.”

The UAE is China’s second-largest trading partner in the Middle East, with bilateral non-oil trade reaching $81 billion in 2023.

Mohamed Al Marzooqi, Chief Executive of HSBC Bank Middle East, underscored the bank’s pivotal role in fostering cross-border investments. He noted the increasing opportunities as Abu Dhabi accelerates its economic transformation and China strengthens its global leadership in trade and renewables.

The summit featured high-level discussions, investment showcases, and networking opportunities, reinforcing the UAE-China partnership's role in advancing growth across sectors such as renewable energy and digital transformation. The event not only celebrated past achievements but also paved the way for a dynamic future of mutual economic progress.

News Source: Emirates News Agency