UAE News Today : Business

Dubai Chambers to establish China Innovation Center in Dubai

Dubai Chambers has signed a Memorandum of Understanding (MoU) with Royal Belt Exhibitions to establish the ‘China Innovation Center, which will serve as a gateway for Chinese companies seeking to establish a presence in Dubai and expand into regional and global markets from the emirate. The agreement was signed on the first day of the Dubai Business Foruma landmark event that brings together senior business leaders, global investors and key stakeholders from the public and private sectors to shape the future of business.

The China Innovation Center, the first space of its kind in the Middle East, is designed to help Chinese companies establish their businesses in Dubai and leverage the emirate as a launch pad for their global ambitions. It will also support research, as well as the commercialization and localization of Chinese intellectual property in the region.

The center will cooperate with the Chinese government at central, regional and urban levels to support regional themed exhibitions and organize trade missions to assist Chinese companies seeking to enter the Dubai market, with a focus on companies operating in key facing sectors. to the future. including smart cities, industry 4.0, cleantech, healthcare technology and advanced manufacturing.

His Excellency Mohammad Ali Rashed Lootah, Chairman and CEO of Dubai Chamberscommented:

“The China Innovation Center will serve as a gateway for Chinese companies to access global markets through Dubai, allowing them to benefit from the emirate’s competitive advantages and support their international expansion plans. The launch of the center will enhance the strong trade and investment ties between Dubai and China, while further cementing Dubai’s position as a leading global destination for foreign direct investment and a hub for international companies offering innovative products and services.” .

The agreement was signed as part of The offer center a dedicated impact-driven platform for global business leaders and investors to forge and announce major business initiatives, partnerships, investments and business alliances during the Dubai Business Forum. An innovative initiative that reflects Dubai Chambers‘committed to driving growth in international trade and investment, The Deals Hub cements Dubai’s status as a leading global city to do business.

Hosted since November 1-2 under the sponsorship of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai, The Dubai Business Forum brings together key stakeholders from the public and private sectors around the world to explore opportunities for strategic economic partnerships, strengthen international networks and open new horizons for business, trade and investment.

News source: Dubai Press Office

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