UAE set to play big role in China’s ‘One Belt and One Road’ project

DUBAI / WAM

The UAE is set to play a big role in China’s One Belt and One Road Project, as stated on the sidelines of Annual Investment Meeting (AIM), in Dubai. The 9th edition of AIM brought to focus several investments and projects associated with the initiative.
Abdulla Al Saleh, Undersecretary for Foreign Trade, UAE Ministry of Economy said, “The UAE is proud to host this forum as a testament of our strong economic and trade ties with China. The trade between two countries have been growing each year. We anticipate trade activities to amount to $33 billion between the UAE and China.”
“The UAE is an important trading partner for China. In addition, both the countries have several strategic partnerships in place to promote scientific research and renewable energy and water, and this cooperation is set to expand mutual trade between the UAE and China. In addition, strategic partnership has been strengthened through signing of 13 MOUs between the UAE and China. This forum will not only help us exchange ideas, but also help us integrate sustainable trade and investment partnerships.”
Yi Zhang, Deputy Secretary General, China Chamber of International Commerce (CCOIC) said, “The OBOR is a great achievement for us. This forum will become the core platform for us to share our ideas and development policies.”