Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >> Travel and Tourism

Memorandum of Understanding to focus on expanding bilateral trade and investment opportunities between UAE and Northeastern Chinese Province  
Dubai, United Arab Emirates, March 13, 2018:   Dubai Airport Freezone Authority (DAFZA), one of the UAE's leading free zones, has announced a new strategic partnership with Liaoning Chamber of Commerce UAE. The Memorandum of Understanding (MoU) will increase collaboration between the two organizations to help expand bilateral trade and create new business and investment opportunities with Liaoning province. 
The MoU was signed by Nasser Al Madani, Assistant Director General at DAFZA and Yewei Fan, President of Liaoning Chamber of Commerce UAE at a signing ceremony held in the Freezone. 
As part of the agreement, DAFZA and Liaoning Chamber of Commerce UAE will hold regular visits and consultations and will encourage opening channels of communications, increasing knowledge and information exchange and maximising mutual support, which will increase investment and business opportunities. Participating at international investment events and conferences will also form another element of the partnership, which will help drive further cooperation.  
Commenting on the agreement, Nasser Al Madani said “This is an important strategic partnership that will strengthen our alliance in a number of key areas including technology, innovation, cross-border E-commence, shipping and logistics. DAFZA will support companies referred by Liaoning Chamber of Commerce to exhibit their products and services at the freezone. We will assist them with establishing their business operations and advise them on how to strengthen their offering. This will support our objectives of attracting more foreign investment to Dubai and creating long-term sustainable economic development in the UAE.” 
Yewei Fan added: “This MoU will enable us to encourage Chinese investors to set up their businesses at DAFZA across important sectors and industries. This will have a positive impact on growing bilateral trade between Liaoning and the UAE and we look forward to continued association and partnership.” 
Two-way trade between the UAE and China crossed $35 billion last year. As such China and the Asian market in general continues to be major focus areas for DAFZA and the UAE.  17% of the number of companies at DAFZA are from Asia, as reported in the 2017 results. 
DAFZA targets the Chinese market through a series of campaigns in a number of provinces as Shenzhen and Guangzhou which will start in April this year. The free zone has previously signed an MoU with China (Guangdong) Pilot Free Trade Zone (GDFTZ) – Nansha Area of Guangzhou (Nansha FTZ). 
DAFZA recently announced that it achieved a 25% growth in its registered companies in 2017. The freezone contributed 7% of Dubai's non-oil trade, representing 18% of total free zones trade within Dubai according to official statistics. The results marked the success of its ongoing initiatives focused on increasing foreign direct investment into Dubai, supporting the nation's economic diversification and UAE Vision 2021. 

Posted by : GoDubai Editorial Team
Viewed 3544 times
Posted on : Tuesday, March 13, 2018  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Cathay Pacific Airways Limited Announces 2017 Annual Results
Next Story : Munich Airport to develop unique, future-focused innovation campus
Email this article Print this article

Share this article with your friends and followers


Back to Top  
Most Viewed Press Release posted in the last 7 days
Top Perfume Picks for Mother's Day @ Glambeaute.com
Filorga Launches Lift Range
Nissan's e-POWER technology wins environmental award
The Global Sensation UFO Lands in Europe at Cosmoprof 2018
Discover the MISA Cho Gong Jin Oriental and Herbal Skincare Range from Missha
Drink yourself to looking younger with Skinade
The V-Tox Facial by Linda Meredith Skincare
Mother's Day Offer from Blush N Curls Salon
It's Mother's Day!
Corporate Power Dressing redefined at Kachins Signature
Al-Futtaim Honda launches 10th generation Honda Accord
The only line you'll love in your face – your perfect jawline!
GMC sets a new GUINNESS WORLD RECORDS title in partnership with Abu Dhabi Police
ba&sh's Spring-Summer collection 2018
OMEGA Launches its NATO Strap “Pop-Up Boutique” in Paris
Raymond Weil introduces the Maestro Blues
Top Picks for Babies & Kids @ Glambeaute.com
GUESS Unveils the Kids Spring 2018 Collection and Campaign
Cadillac Alghanim kicks off world-class opportunity in Kuwait
A Meet & Greet with the Pakistani Cricket Sensation Umar Akmal
Beyond Beauty partners with Platinum Records to position teen sensation Hala Al ...
The Spring Summer 18 Womenswear Collection
Milan-san Remo a Dream Target as Uae Team Emirates Announce Super-seven Line Up
IKEA launches the OMEDELBAR limited-edition collection!
Awqaf and Minors Affairs Foundation Attracts 1200 Emirati Job Seekers at Careers...
Samsung Mother's Day Blurbs 2018
The Collection by Phuong Dang
Her Highness Sheikha Latifa bint Mohammed bin Rashid Al Maktoum Inaugurates SIKK...
Join the UAEs first Women's Warrior Challenge.
Scuderia Ferrari Father & Son Gift Set
From Jade to Diamond
SOUQ welcomes 3M's innovative products to serve everyday customer needs
Chloé Reinterprets the Iconic “Carlina” Sunglass With an Exclusive Twist Motif
The era of Quiet Rebels
Lufthansa Group achieves best result in its history
Agreement signed in the presence of His Highness Sheikh Mohammed Bin Zayed Al Na...
Business of beauty goes green at Beautyworld Middle East 2018 as Natural & Organ...
2XL launches “Caspar” living room collection in grey
Dubai WoodShow takes off with more than 300 exhibitors from 55 countries and six...
Galeries Lafayette Le Gourmet Food Fest returns back to City Walk
10 Must-see Activities at Dubai International Horse Fair This Week
TAG Heuer Continues its Automotive Legacy On & Off the Track with 3 New Contempo...
Turkish Airlines Closes Airbus and Boeing Orders
Blackberry® Keyone Bronze Edition Available Now in the Middle East
The Bremont 1918 Limited Edition Collection
LACOSTE reveals a new feminine watch collection - the Kea family!
Keventers unveils Kids Special Menu for Mother's Day
Emirati woman grabs first place in women's category of 18th Fazza Open Champions...
Boss watches presents Magnitude collection – a new angle on time!