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DUBAI / WAM
DMCC, the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise, and Chengdu Hi-Tech Industrial Development Zone, one of China’s world-class high-tech parks, signed an MoU to boost cooperation between the UAE and China.
Sanjeev Dutta, Executive Director – Commodities and Financial Services (DMCC), and Chen Hongtao, Deputy Director of Chengdu Hitech Zone Management Committee, signed the MoU at the China-UAE Conference on Islamic Banking and Finance (CUCIBF), on Tuesday.
Sanjeev Dutta, Executive Director – Commodities and Financial Services, DMCC, said, “The Chengdu partnership will help Chinese companies enter the UAE market and build a foothold to expand trade locally and regionally. Crucially, the partnership will also serve to strengthen the increasingly important UAE-China bilateral trade ties.” The MoU marks the start of discussions for future collaborations between two organisations.