Dubai Business Forum·China was held in Shenzhen and 10 cooperation memorandums were signed.

China News Service, Shenzhen, October 14 (Suo Youwei and Hu Junyao) The "Dubai Business Forum China" hosted by the Dubai Chamber of Commerce was held in Shenzhen on the 14th. The forum was themed "Gathering momentum for a win-win new journey". Government agencies, business associations, investment institutions and corporate representatives from China and Dubai held in-depth dialogues in 15 agenda activities around bilateral economic and trade cooperation, artificial intelligence, cross-border investment, advanced manufacturing, future travel and global trade.

Sultan Bin Saeed Al Mansouri, President of the Dubai Chamber of Commerce, said in his opening speech that since the 2024 Dubai Business Forum China was held in Beijing, the momentum of cooperation between China and Dubai has further accelerated. The bilateral non-oil trade volume will increase by nearly 23% from 2024 to 2025, and China’s foreign direct investment in Dubai will also nearly triple, from approximately US$335 million to more than US$935 million.

Hadi Badri, CEO of Dubai Economic Development Authority, explained a series of recent initiatives, including future industrial layout, improving regulatory flexibility, and creating a more efficient business environment for multinational companies to carry out regional operations and international expansion.

Mohammed Ali Rashid Al Rutta, Chairman and CEO of the Dubai Chamber of Commerce, said that artificial intelligence is one of the important areas for Dubai and China to deepen cooperation in the digital economy. The two sides can explore the possibility of establishing a direct technical cooperation channel and fully combine China's technological advantages with Dubai's platform advantages in commercialization, international business expansion and connecting to global markets.

It is reported that in 2025, more than 85% of electric passenger cars imported into Dubai will come from China, and Chinese companies are further participating in the construction of advanced travel systems such as autonomous driving in Dubai. Du Chao, Chief Financial Officer and Vice President of Huitian, and Yang Nan, Vice President of Baidu, shared their views at the scene.

The forum also invited representatives from a number of companies to share their growth practices. From iMile, a logistics company that is deeply involved in e-commerce terminal distribution in the Middle East, to Yalla Group, a technology unicorn that integrates digital technology with local culture, to Legend Holdings Group, which has a diversified layout covering manufacturing, travel, energy and corporate services, more and more companies regard Dubai as their regional operations headquarters and long-term growth base.

This forum also set up a series of closed-door meetings on "Empowering Growth", which not only provided the forum with a communication platform to discuss macro trends and business visions, but also further provided enterprises with clear market access information, resource docking channels and practical problem-solving mechanisms.

During the forum, a number of cooperation results were implemented, and a total of 10 cooperation memorandums were signed to further deepen the economic and trade ties between Dubai and China. Dubai Chamber of Commerce has signed 6 cooperation memoranda with Shenzhen Chamber of International Commerce, China Chamber of International Commerce Guangzhou Chamber of Commerce, Beijing Chamber of International Commerce, China Chamber of International Commerce Chongqing Chamber of Commerce, Greater Bay Area Import and Export Chamber of Commerce and Guangdong-Hong Kong-Macao Greater Bay Area Entrepreneurs Alliance. The Dubai Digital Economy Chamber also signed a memorandum of cooperation with Alibaba Cloud. Other participating institutions also signed three cooperation memorandums.