By Sam Bridge
Dubai Chamber of Commerce and Industry reveals expansion in China with the opening of a new location in Shenzhen
Dubai Chamber of Commerce and Industry has announced its expansion in China with the opening of a new location in Shenzhen.
The new office will be tasked with exploring business potential in the fast-growing technology and innovation hub and attracting innovative Chinese companies to Dubai.
The team in Shenzhen will identify business opportunities in the city’s high-technology, hardware manufacturing, IT, finance, trade, tourism, maritime and logistics sectors, as well as prospects for Dubai Chamber members and UAE companies to benefit from China’s development plans, a statement said.
The announcement came during a high-level delegation visit to Shenzhen which was led by Hamad Buamim, president & CEO of Dubai Chamber.
During the visit, the Dubai Chamber delegation met with key stakeholders from the public and private sectors in Shenzhen and discussed potential cooperation to introduce Chinese solutions in the Dubai market related to cloud services, digitisation and drone technology.
Buamim met with Wu You, Deputy Secretary General Shenzhen Municipal People’s Government, while the delegation visited the offices of several prominent companies based in Shenzhen, including Tencent, which operates China’s WeChat app.
Buamim said: “Since Dubai Chamber opened its first China office in Shanghai in 2016, the number of Chinese member companies has surged by more than 50 percent to exceed 3,200 today.
"Through our efforts in Shenzhen, we hope to attract many more innovative Chinese companies to Dubai specialising in cutting-edge technologies that can support the emirate’s vision and transition to a global innovation hub,” he added.
China is currently Dubai’s top trading partner and bilateral non-oil trade has increased by 36 percent between 2011 and 2018 to exceed AED139 billion last year.