Hamad Buamim, PCEO, Dubai Chamber, on the occasion of China’s 71st National Day

Hamad Buamim, PCEO, Dubai Chamber, on the occasion of China’s 71st National Day

Commenting on the occasion of China’s 71st National Day H.E. Hamad Buamim, President & CEO of Dubai Chamber of Commerce and Industry, said that UAE-China relations continue to develop and flourish after the comprehensive strategic partnership between the two countries ushered in a golden era for bilateral economic cooperation. 

He described China as a market of strategic importance to Dubai and highlighted Dubai Chamber’s active role in building bridges between the UAE and Chinese business communities. He noted that bilateral non-oil trade has expanded following the opening of Dubai Chamber’s representative offices in Shanghai and Shenzhen in 2016 and 2019, respectively; adding that the number of Chinese companies registered with Dubai Chamber has risen steadily to reach 3,019 today. 

H.E. Buamim revealed that Dubai Chamber members’ exports and re-exports to China reached AED 2.4 billion ($653.4 million) during the January-August 2020 period, marking 50% growth compared to the same period in 2019. These figures, he explained, reflects growing demand among Chinese consumers for UAE products and underline Dubai’s position as a preferred trade hub. He added that the Chamber’s international offices are focusing their efforts on facilitating Dubai-China trade and investment by capitalising on bilateral business opportunities, attracting Chinese companies to Dubai and identifying opportunities in the Chinese market that offer potential to member companies.