The Dubai Multi Commodities Centre (DMCC) embarked on a fresh round of investor initiatives to woo Chinese businesses to invest in the emirate by hosting multiple events in Hong Kong and Shanghai.
The events were part of the Dubai flagship free zone and commodity trade centre’s ‘Made for Trade Live’ roadshow.
The fresh round of investor meetings by DMCC followed a 25 percent annual increase in new Chinese member companies setting up at the centre in 2023.
The new members, including major industry players Autel Robotics and Hebei Logistics Group Metal Materials, showcased the continued strength of DMCC’s draw among the Chinese business community.
The new figures revealed that the free zone is now home to over 14 percent of the estimated 6,000 Chinese businesses based in the UAE.
Given China’s position as the UAE’s largest non-oil trading partner, the centre is optimistic about further opportunities for collaboration and the compelling proposition that Dubai presents for Chinese businesses looking to expand through global markets.
Ahmed bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC, said for the past two years, the centre has maintained a consistent 25 percent growth in Chinese companies joining them.
“With 852 Chinese companies operating from our international business district today, we are proud that DMCC is one of the biggest hubs for Chinese businesses in Dubai across so many critical sectors – a position we will consolidate in the future as we improve our Chinese services offering further and deepen trade and investment flows,” he said.
Muhannad Sulaiman Al Naqbi, Consul General of the UAE in Shanghai, attended both events in Shanghai.
Almost 500 Chinese executives attended the events to hear speakers discuss opportunities open to Chinese businesses through DMCC’s business ecosystems.
The three events were held in partnership with Ningbo Chamber of Commerce in Shanghai, Yingke Law Firm, the Chinese Manufacturers’ Association of Hong Kong, Forever Forward, HKMEIF, Dentons, Donghao Lansheng, FSG, Yingke.
The free zone made two visits to China last year, hosting roadshows in Shanghai, Guangzhou, Chongqing, Shenzhen and Hong Kong to connect with businesses in some of China’s most dynamic markets.
DMCC’s Made for Trade Live roadshows play an influential role in showcasing Dubai as a prime destination for business.
Through the series, DMCC highlights Dubai’s unique value proposition to attracting FDI to the emirate. DMCC now accounts for 11 percent of Dubai’s annual FDI inflows.
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