Hamad Buamim, Director General of the Dubai Chamber of Commerce and Industry, affirmed that as China celebrates its 71st National Day, strong economic relations between the UAE and China are emerging to reflect a true partnership at various levels, as bilateral trade relations are witnessing a golden period and achieving sustainable growth rates, stressing the importance of the market. The Chinese as an important economic and commercial partner for the Emirate of Dubai and its business community, as the number of Chinese companies registered in the Dubai Chamber membership and operating in the emirate is 3019.
Buamim pointed out that the exports and re-exports of members of the Dubai Chamber to China during the period from January to August 2020 amounted to 2.4 billion dirhams, achieving a significant growth of 50% compared to the same period in 2019, during which the value of exports and re-exports of members of the Chamber amounted to 1.6 billion dirhams, revealing That the highest value during the past eight months of this year was recorded in August, with a value of 486 million dirhams.
Buamim emphasized that the Chinese market is a very important market for the Dubai Chamber, and it provides unlimited exceptional investment opportunities, considering that the Chamber has activated its efforts in this market, and has opened two offices in Shanghai and Shenzhen with the aim of attracting Chinese investments to Dubai, and helping companies in the emirate expand their operations. In the Chinese market, considering that the future is promising for fruitful partnerships between companies operating in the UAE and China.
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