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Abu Dhabi /Â WAM
The Abu Dhabi-Sino Investment Forum, organised by the Abu Dhabi Department of Economic Development (ADDED) at Crown Plaza Hotel in Abu Dhabi on Tuesday, attracted more than 250 businessmen and investors. The event was also attended by Sheikh Nahyan bin Hamdan bin Mohammed and Chinese officials.
The Acting Under-Secretary of the ADDED, Khalifa bin Salem Al Mansouri, in a speech read out on his behalf by Ahmed bin Ghanam, Executive Director for International Economic Relations Sector at the department, welcomed the Chinese businessmen and investors. He also welcomed the presence of Sheikh Nahyan bin Hamdan. The participation of China in this forum reflects the keenness of China to boost development projects with the UAE and open wider promising opportunities for both sides, he added.
Bin Ghanam stressed that the Government of Abu Dhabi is embarking on the reforms that focus on diversification of economy away from dependence on oil and gas through investing in human resources, innovation and development of a knowledge-driven economy in accordance with the Abu Dhabi Economic Vision 2030.
Bin Ghanam noted that Abu Dhabi has strengthened the economic partnership with China as the trade co-operation in the non-oil sector between China and Abu Dhabi reached AED6.6 billion in the first half of 2016, compared to AED4.2 billion in the first half of the year 2015, at a growth rate of 57 per cent.