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Tue 14 Jan 2020 05:29 PM

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Forum explores opportunities arising from growing UAE-China ties

A total of $3.4 billion worth of investments have been agreed by the UAE and China in 2019

Forum explores opportunities arising from growing UAE-China ties

A total of $3.4 billion worth of investments have been agreed by the UAE and China in 2019 as both countries continue to forge strong bilateral trade relations and deepen their partnership in line with global efforts to achieve the ambitious Belt and Road Initiative (BRI).

Global professional consulting firms are poised to support the two major economies in facilitating transactions while meeting the needs of businesses.

To support the growing ties, the 3rd Belt and Road Business Services Forum organised by Reanda International and Reanda UAE was held last month.

It was attended by over 150 government officials, business leaders and professionals from China and the UAE as well as representatives from Reanda International member firms, a statement said.

Sunil Jagetiya, chairman of the Sun Management Group (REANDA UAE), said: “As the Belt and Road Initiative continues to gain momentum following major agreements between the UAE and China during 2019, we are set to witness in 2020 more UAE businesses and Middle East companies as well as Chinese organizations taking interest in establishing business connections between the two countries.”

Huang Jinhui, chairman of Reanda International, added: "The UAE is very important to us. Over the years we have been helping may of China’s companies start operations here.

“REANDA UAE continues to be ever-supportive to bring in professional services and contribute high value to the UAE and Middle East businesses which are keen to expand their linkages in China as well as Chinese companies looking to support BRI projects in UAE.”

REANDA International is one of the world’s top 25 international network of independent accounting and consulting firms with members from 41 countries and has been increasing its presence in the Middle East.

Avinash Jagetiya, MD of Reanda UAE said: “We are bringing in our strong Chinese network to support investors in their expansion and growth as REANDA International’s official ‘Belt and Road’ – Finance, Tax and Law support base in the region. We are seeing a steady rise in big Chinese companies starting their UAE venture amidst our consistent efforts to strengthen our business capabilities.”

The firm plans to host another conference this year in line with Expo 2020 and support Chinese businesses seeking to expand their reach in line with the global event.

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