<\/span><\/h2>\n
<\/p>\n
\u00a0<\/strong>There are many Chinese businesses apart from the banking sector who have also started to see many opportunities in the UAE. The Emiratis\u2019 customs services, free zone facility, state-of-the-art port and logistics park have made the UAE an ideal place for the Chinese to conduct business throughout the Middle East.<\/p>\nMore than 2,400 Chinese companies have now become of members of Dubai Chamber. Most of these companies deal with electronics, building material, garments, novelty items and more. More than 1400 Chinese enterprises are planning to launch their branches in other countries and they see UAE as an important hub to grow their business.<\/p>\n
Such massive economic growth has facilitated China\u2019s access to untapped consumer market and avail many profitable opportunities. The UAE\u2019s \u201cLook East\u201d policy has been interested in enticing Asian investment. Attracting Chinese stakeholders to promote the UAE economy to China has now become a priority for Abu Dhabi.<\/p>\n
<\/span>Energy<\/strong><\/span><\/h2>\n
<\/p>\n
The UAE have made energy cooperation, obviously not to such extent as the Qatar and Saudi Arab have done so far, it\u2019s still an increasing important aspect of UAE-China relationship. China imports around 15% of the Emirates\u2019 petroleum compared to 12% by South Korea. Over the past few years, this energy partnership has further strengthened after a $330 million agreement between Abu Dhabi Company for Onshore Oil Operations (ADCO) and China Petroleum Engineering and Construction Cooperation (CPEEC). This deal is expected to increase ADCO\u2019s daily supply at a more satisfactory rate. China National Petroleum Corporation (CNPC) has been involved in different other projects in the UAE, including the development of the country\u2019s crude pipeline and Asab Oil Field.<\/p>\n
<\/span>\u00a0<\/strong>Infrastructure<\/strong><\/span><\/h2>\n
<\/p>\n
When it comes to infrastructure sector, China and UAE have signed many agreements for construction projects worth billions of dollars. Dubai has invested in many Chinese ports and logistics centers in Tianjin, Hong Kong, Yantai and Qingdao. Chinese Ministry of Commerce and Beijing firms have also completed billion dollars\u2019 worth construction projects in the emirates. This has led many Chinese infrastructure enterprises to invest in UAE projects.<\/p>\n
<\/span>\u00a0<\/strong>Automobile<\/strong><\/span><\/h2>\n
<\/p>\n
Chinese companies such as Cherry, Foton, Dongfeng, and GAC Motors have also played their major role in the UAE\u2019s automobile sector. As Emiratis seek more affordable car options, Chinese manufacturers entered the Emirati market with low rates. Chinese car sales are projected to increase 100% every year in the country and their market share is expected to reach double-digits by 2020.<\/p>\n
<\/span>\u00a0<\/strong>Travel & Tourism<\/strong><\/span><\/h2>\n
<\/p>\n
The trend of travelling between the two lands is increasing. Currently, there are 21 daily flights from Dubai to China, operated by Emirates. Chinese nationals reportedly constitute around 4% of passengers at Dubai International Airport, accountable for 12% of sales at Dubai Duty Free outlets. In order to improve the experience for Chinese nationals, the retailer has hired Chinese employers at Dubai Airport outlets.<\/p>\n
<\/span>\u00a0<\/strong>Education<\/strong><\/span><\/h2>\n
<\/p>\n
The strongest area of China-UAE relationship is education. The first Chinese international School in Dubai has opened many doors to foster the relationship between both countries. Breaking down linguistic and cultural barriers will contribute to even deeper political and economic relations in the future. The annual Chinese Spring Festival held in Dubai attracted an extraordinary number of Chinese tourists and locals.<\/p>\n
<\/span>And Many More to Go<\/strong><\/span><\/h2>\nThe ties between China and the UAE are predicted to grow stronger in the years to come. Both are all set to expand the China-UAE partnership. Beijing sees great potential in the UAE. With all its natural resources and strategic position, the UAE is considered as a gateway to untapped consumer markets &lucrative investment opportunities. The growing interest of China in the UAE and other GCC countries must also be analyzed within a geopolitical context.<\/p>\n
As China is gaining leverage on the international stage, especially after the Silk Road project and the Asian investment Infrastructure Bank, Beijing is now considering resource-rich Persian Gulf nations to use for mutual benefit.<\/p>\n
<\/span>\u00a0<\/strong>The Bond will Strengthen Further in the Coming Years<\/strong><\/span><\/h2>\nIt is important to note that China is the world’s most populous nation with the second largest economy in the world. With such a huge potential, China has a lot to offer to the UAE. Regardless of the world\u2019s financial disability, the Chinese economy is still expanding at an impressive rate and is expected to surpass the US economy which is the world\u2019s largest economy. Given China\u2019s rise as an economic and political power, the ties between the UAE and China are expected to strengthen and flourish in the years to come.<\/p>\n
\u00a0<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"Since China and UAE established a formal partnership in 1984, both countries have become the leading trade partners and the mutual relationship is all set to…<\/p>\n","protected":false},"author":2,"featured_media":3618,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39],"tags":[114,249,250,251,248],"class_list":["post-3617","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured-post","tag-business","tag-china","tag-industry","tag-relations","tag-uae"],"_links":{"self":[{"href":"https:\/\/www.branex.ae\/blog\/wp-json\/wp\/v2\/posts\/3617","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.branex.ae\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.branex.ae\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.branex.ae\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.branex.ae\/blog\/wp-json\/wp\/v2\/comments?post=3617"}],"version-history":[{"count":3,"href":"https:\/\/www.branex.ae\/blog\/wp-json\/wp\/v2\/posts\/3617\/revisions"}],"predecessor-version":[{"id":9886,"href":"https:\/\/www.branex.ae\/blog\/wp-json\/wp\/v2\/posts\/3617\/revisions\/9886"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.branex.ae\/blog\/wp-json\/wp\/v2\/media\/3618"}],"wp:attachment":[{"href":"https:\/\/www.branex.ae\/blog\/wp-json\/wp\/v2\/media?parent=3617"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.branex.ae\/blog\/wp-json\/wp\/v2\/categories?post=3617"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.branex.ae\/blog\/wp-json\/wp\/v2\/tags?post=3617"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}