Reinforcing industrial bonds between Dubai and China through CMIF Alliance

Reinforcing industrial bonds between Dubai and China through CMIF Alliance

In a significant move to strengthen economic ties between Dubai and China, the Dubai Chambers and the China Machinery Industry Federation (CMIF) have signed a strategic agreement. The Memorandum of Understanding (MoU) was formalised during a roundtable event in Beijing, attended by key players from sectors including automotive, construction, industrial machinery, and water purification.

The agreement aims to boost bilateral industrial cooperation and attract advanced technology companies from China to Dubai, in line with the Dubai Economic Agenda (D33). Dubai Chambers will provide end-to-end support to CMIF member companies looking to establish operations in the emirate, helping them navigate the local market.

In return, the CMIF will help Dubai-based firms establish partnerships within mainland China, facilitating their entry into the Chinese market. The partnership focuses on sectors such as automotive, construction, industrial machinery, and water purification, with an emphasis on innovation-led industries like AI and robotics.

The collaboration includes cooperation on trade exhibitions, business missions, and data exchange initiatives to further strengthen economic ties between Dubai and China. The roundtable event emphasised Dubai’s focus on innovation-led industries and its commitment to positioning itself as a launchpad for Chinese manufacturers targeting regional and global markets.

Niansha Xu, Chairman of CMIF, and Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, were both present at the signing. The agreement reflects Dubai’s commitment to creating long-term growth opportunities and positioning itself as a global hub for business, particularly for Chinese manufacturers aiming to target regional and global markets.

The signing of this MoU reaffirms Dubai Chambers' commitment to positioning the city as a launchpad for Chinese manufacturers targeting regional and global markets. This strategic agreement is expected to support Chinese firms in leveraging Dubai's position as a global business hub and further strengthen the economic ties between Dubai and China.

1. The collaboration between Dubai Chambers and CMIF will focus on sectors like automotive, construction, industrial machinery, water purification, AI, and robotics.
2. Dubai Chambers will offer comprehensive assistance to CMIF member companies seeking to set up businesses in Dubai.
3. The agreement aspires to stimulate bilateral industrial cooperation, inviting advanced technology companies from China to Dubai aligned with Dubai Economic Agenda (D33).
4. The MoU emphasizes Dubai's dedication to fostering innovation-driven industries and being a launchpad for Chinese manufacturers targeting multiple markets.
5. The CMIF will facilitate partnerships for Dubai-based firms within mainland China to enhance their access to the Chinese market.
6. The partnership will support ventures in commercial sectors like real-estate and housing-market in addition to trade, finance, energy, aerospace, and manufacturing.
7. The strategic agreement includes joint activities like trade exhibitions, business missions, and data exchange initiatives to reinforce economic ties between Dubai and China.
8. The roundtable event highlighted Dubai's determination to create sustainable growth opportunities, establishing itself as a significant global hub for various businesses.

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