Dubai Chambers Inks MoU with Bank of China to boost bilateral trade

The agreement is signed as the UAE and China celebrate their 40th anniversary of diplomatic relations. Trade and investment connections between the two markets have been increasing consistently, as Dubai becomes a more appealing option for Chinese companies looking to expand regionally and internationally in every industry.

Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, signed the MoU with XinYuan Pan, General Manager of Bank of China – Dubai Branch, at Dubai Chambers’ headquarters.

The agreement establishes a structure for increased collaboration between the two parties and is intended to help them reach their common goals by sharing knowledge and services, while also improving support for investors, entrepreneurs, and businesses in Dubai and China to promote bilateral trade and investments and enhance economic relations.

The signature precedes the Dubai Business Forum - China, which Dubai Chambers will host in Beijing on August 21. The goal of the occasion is to showcase the various investment opportunities in Dubai for Chinese investors in a variety of important industries.