Dubai Chambers has entered into a Memorandum of Understanding (MoU) with the Bank of China – Dubai Branch – to foster collaboration and strengthen cooperation between the business communities in Dubai and China.
The agreement’s signing coincides with the 40th anniversary of diplomatic relations between the UAE and China. Trade and investment links between the two markets have been steadily increasing, with Dubai becoming a more appealing destination for Chinese companies across various sectors looking to expand regionally and globally.
The MoU 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 agreement establishes a framework for deeper cooperation between the parties, aiming to achieve their mutual goals through the exchange of knowledge and services, as well as enhancing support for investors, entrepreneurs, and businesses in Dubai and China to stimulate bilateral trade and investment growth and fortify economic ties.
The MoU’s signing precedes the Dubai Business Forum – China, organised by Dubai Chambers, which will be held in Beijing on August 21. This event seeks to showcase the diverse opportunities available in Dubai for Chinese investors across various strategic sectors.
