国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Macro

Chinese firms expand footprint in Dubai commodities free zone

Xinhua | Updated: 2017-01-16 14:14

DUBAI - Dubai's Multi Commodities Center (DMCC), the largest free zone in the United Arab Emirates (UAE), is counting on rising UAE-China relations for further expansion.

"The DMCC's collaboration and partnerships with international entities such as the Shanghai Pilot Free Trade Zone further underpin the DMCC's drive to boost commodity trade along the West to the East corridor - connecting directly with China's Belt and Road initiative," Krysta Fox, executive director of DMCC Free Zone, told Xinhua in an exclusive interview.

Located in the skyscraper district of Jumeirah Lake Towers, the DMCC is the UAE's largest and fastest growing Free Zone with over 12,900 member companies.

"There are over 150 thriving Chinese businesses in the DMCC today including Hisense, a multi-national white goods and electronics manufacturer, China Petroleum and Chemical Corporation (Sinopec) and China State Construction Engineering Corporation (CSCEC)," Fox said.

Earlier in October 2016, A high-level DMCC delegation visited the Shanghai Pilot Free Trade Zone "to explore how we can best collaborate to benefit both Shanghai and Dubai," Fox pointed out.

Several agreements were signed between the DMCC and Chinese entities in 2016, and the DMCC, the Free Zone where licensed firms enjoy a 50-year-tax-holiday and 100 percent capital repatriation, has high hopes regarding further expanding its footprint in 2017.

Also in 2016, The DMCC announced a memorandum of understanding (MoU) with the China Silver Group, China's largest silver producer.

In addition, the Bank of China announced it became a settlement bank on the Dubai's Gold & Commodities Exchange (DGCX), the derivatives market for commodities and currencies within the DMCC.

During the Dubai promotional Week in China in October 2016, the DMCC signed three MoUs in Shanghai.

"Since the establishment of diplomatic relations between China and the UAE in 1984, both countries have built and continue to deepen bilateral ties," said Fox.

"China is Dubai's top trading partner and with a strong representation of Chinese businesses in the DMCC already. We see how businesses thrive and grow in a Free Zone environment on a daily basis."

According to UAE Minister of Economy Sultan Al-Mansouri, the UAE's over 40 Free Zones account for over 30 percent of the country's non-oil trade and are instrumental in diversifying the national economy.

As a major oil supplier, the UAE is also the most diversified economy in the Arab world.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
衡南县| 贺兰县| 陈巴尔虎旗| 额尔古纳市| 商河县| 通许县| 广丰县| 三门县| 白山市| 五台县| 玛沁县| 来宾市| 丽水市| 印江| 施甸县| 田东县| 垦利县| 抚宁县| 东兰县| 上虞市| 新和县| 丰都县| 泰来县| 富民县| 繁昌县| 东乌| 石门县| 洞头县| 赫章县| 建昌县| 临沧市| 枣强县| 黄龙县| 舒城县| 雅安市| 汽车| 偃师市| 民勤县| 沧州市| 石狮市| 惠来县|