Port & Freezone
Khalifa Industrial Zone
and Khalifa Port are both
expected to see a surge in
global investments,” H.E.
Al Jaber added.
Since the visit of H.H.
Sheikh Mohammed bin
Zayed Al-Nahyan, Crown
Prince of Abu Dhabi
and Deputy Supreme
Commander of the UAE
Armed Forces, to China
in 2015, the relationship
between the two countries
has strengthened in a
number of areas, most
notably in economic and
trade relations. A key
development has been
the commencement of
the ‘Belt and Road’ and
‘Maritime Silk Road’
initiatives, which will
foster economic growth.
China is the UAE’s second
largest trading partner
and the biggest exporter
to the UAE. The UAE is
considered a gateway
to about 60% of China’s
exports
to
regional
markets at an annual
volume of exchange of 70
billion dollars.
Commenting on the
signing ceremony and
the future of trade
between the UAE and
China was H.E Vice
Governor Huang Lixin
who stated that, “Jiangsu
and Abu Dhabi are highly
complementary to each
other in terms of natural
endowment,
economic
structure and industrial
systems, bearing the
common wishes to speed
up industrial structural
adjustment and promote
economic transformation
and upgrading. It is
good timing for us to
jointly deepen industrial
capacity cooperation and
promote the ‘Belt and
Road’ Initiative, and we
will have a broad prospect
in this undertaking. We
will work together with
Abu Dhabi to build the
UAE-China
Industrial
Capacity
Cooperation
Demonstration
Zone
into a landmark program
of the ‘Belt and Road’
initiative and a beacon
of UAE-China exchanges
and cooperation”.
Captain Mohamed Juma
Al Shamisi said: “The
Musataha
agreement
between Abu Dhabi
Ports and JOCIC is one
of the largest-ever lease
agreements for KIZAD to
date. This investment will
drive trade relations with
Jiangsu and accelerate
investment in industrial
assets in Abu Dhabi”.
Building on the success
of China’s “Belt and
Road” and Maritime
Silk Road initiatives, the
agreement highlights the
opportunities available to
both Abu Dhabi and the
UAE as regional economic
integration deepens and
trade ties expand across
Asia.
Captain Al Shamisi also
added that “the agreement
plays a pivotal role in the
Abu Dhabi government’s
plans
to
strengthen
the infrastructure and
transport sectors in Abu
Dhabi, in line with the
Abu Dhabi Economic
Vision 2030. The support
August 2017
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