Dubai PR Network, Online Press Release from Dubai and Middle East
 
Business, Banking and Investments(Banking & Investments)
Filter PR by
  
DAFZA discusses future collaboration with Bank of China Delegation
 

Dubai, UAE - November 24, 2019:   Dubai Freezone Authority (DAFZA), represented by Director General, His Excellency (H.E.) Dr. Mohammed Al Zarooni, and a number of officials this week welcomed a delegation from the Bank of China, led by Executive Director of the Board Mr. Lin Jingzhen and senior delegates. The meeting took place at DAFZA Square Business Center to discuss future collaboration and business prospects. 

During the visit, the Chinese delegation learned about DAFZA’s experience over the last two decades in attracting and increasing foreign direct investment. This has played a vital role in developing sustainable economic growth in Dubai, driving business across more than 20 key sectors. The delegation also heard about DAFZA’s latest services that are offered to international companies, particularly Chinese companies that are based in DAFZA.

The Chinese delegation was briefed on key strategic projects and initiatives led by DAFZA. These projects include Dubai CommerCity, the region's first, dedicated e-commerce free zone, and Dubai Blink, which aims to explore the future of global supply chains and trade by establishing world's first and largest trading platform for companies. 

The DAFZA team also learned about the services and incentives provided by the Bank of China and discussed how the free zone can cooperate with the Bank through these services. They aim to enhance the benefits offered by DAFZA to clients and companies operating in the free zone. They learned about how the Bank can support business in the UAE in general and Dubai in particular, as well as its regional expansion plans. 

H.E. Dr. Al Zarooni commented: “China is DAFZA’s third largest trading partner, representing 15.7% of trade at a value of AED 12.3 billion in the first half of 2019. DAFZA has played an influential role in Dubai's economy and non-oil foreign trade, which supports the vision of the Dubai government in driving economic and commercial growth. DAFZA is committed to providing support and investment incentives to Chinese companies looking to set up their businesses and manage operations from Dubai.”

“Some of the key drivers for success over the past two decades include the development of partnerships and international cooperation. We look forward to further consolidating our relationships in the interest of both parties and in supporting Chinese companies to expand their businesses in the MENA region through DAFZA,” added Al Zarooni. 

DAFZA continued to further strengthen the ties with China through a series of initiatives focused on expanding bilateral trade and investments. The free zone signed a Memorandum of Understanding (MoU) with Liaoning Chamber of Commerce UAE to increase the collaboration between the two organizations and help create new business and investment opportunities with Liaoning province.

DAFZA also previously signed a MoU with China (Guangdong) Pilot Free Trade Zone (GDFTZ) – Nansha Area of Guangzhou (Nansha FTZ) and hosted roadshows in the Shenzhen province and Guangzhou. The roadshows have led to a significant amount of new company appointments with several high potential leads for new companies looking to invest in DAFZA and join a number of several prominent Chinese companies including Huiteng (Middle East) FZE, Hytera Communications FZE, Junhou International FZCO, Northwell, China Southern Airlines Branch and Oriental Sky Aviation FZE. 


Posted by : Dubai PR Network Editorial Team
Viewed 6899 times
PR Category : Banking & Investments
Posted on : Sunday, November 24, 2019  4:14:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Organisers announce launch of second Sports Imprint Award
Next Story : WCU: Commodities caught between weak data and trade hopes
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Parmigiani Fleurier's New Tondagraph GT Rose Gold Blue [5338-Views]
essence Essentials For your Eyes! [4084-Views]
Achieve Pore-fect Skin With the Face Shop's Latest Drop [3792-Views]
Versus Versace Republique - VSP1V0519 [3247-Views]
Ogilvy Becomes First Agency Brand to Reach 1 Million Followers on LinkedIn [3218-Views]
KARL LAGERFELD Back to Black [2927-Views]
Make Up for Ever is Breaking Through With a Lipstick Revolution With Rouge Artist [2644-Views]
Three GEMS Education Schools in Dubai Celebrate a Combined 75 Years of Quality Education [2628-Views]
OMEGA Goes Platinum-Gold For New James Bond Watch [2608-Views]
Huawei is Set to Dramatically Alter the Entry Level Smartphone Segment with the Launch of ... [2448-Views]
Indian shuttlers make a clean sweep at Dubai Sports Council's Community Club's Tournament [2390-Views]
How to Work the Hottest Fall Makeup Trends on a Budget [2341-Views]
Sharjah's Hamriyah Free Zone Inks Deal With Lamprell, Leading Provider of Fabrication, Eng... [2230-Views]
Flydubai Uses Cutting-edge Technology by ASD to Track and Clean Aircraft Seat Covers [2214-Views]
Dubai Chamber Whitepaper Examines Growth Potential of UAE Space Economy [2173-Views]
That Hair Tho THT Offers Complimentary Haircuts for Those Who Have Lost Jobs, Have Job I... [2148-Views]
Expo Centre Sharjah Delays Watch & Jewellery Middle East Show (WJMES) to April 2021 [2140-Views]
The Time to Prepare for COVID-19 Vaccine Transport is Now [2136-Views]
Free Me The First Naturally Kind Mosquito Repellent Made in the UAE [2120-Views]
Land Rover Defender Gains Plug-in Hybrid Electric Power, Six-Cylinder Diesel and New X-dyn... [2112-Views]
Euronews Investigates How the UAE is Using Artificial Intelligence in Healthcare and Educa... [2091-Views]
Medcare Partners with InterSystems to Implement World-Class Healthcare Information System [2066-Views]
Dabur Herb'l Launches Natural Gel Toothpaste With the Freshness of Aloe Vera [2046-Views]
Prevention is Better than Cure, Especially with Lice! [1972-Views]
Pogacar Reclaims White Jersey and Climbs to 2nd in General Classification [1964-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories