[Explore BRI Countries 2024] CCPIT Hangzhou Committee Launches BRI Trade Mission, Fostering China-UAE Collaborations

To boost the “Sweet Potato Economy”, a growth model that expands by establishing global connections and partnerships, and to bolster the opening-up while substantially contributing to the Belt and Road Initiative (BRI), the CCPIT Hangzhou Committee launched a trade mission to two BRI countries, the UAE and Kazakhstan, from May 29 to June 5. The purpose of this mission was to promote economic exchange, establish new connections, explore potential opportunities, and unlock new avenues for cooperation.

On May 30, the trade delegation from CCPIT Hangzhou Committee arrived in the UAE for its first stop of the “Explore BRI Countries 2024” program. Led by Song Bin, Vice President of CCPIT Hangzhou Committee, the delegation visited China Innovation Center in UAE (C.I.C.) that morning.

Hamdan Zakaria Doleh, Chairman of C.I.C., Mr. Daniel Foster, Director of C.I.C., and Daniel Sellers, Manager of the Investment Attraction Department at the Dubai Chamber, welcomed the delegation and introduced the business environment in Dubai and the primary activities of C.I.C. Discussions centered on strengthening cooperation and facilitating the entry of Hangzhou-based businesses, particularly those in smart cities and advanced manufacturing, into the Dubai market. The visit concluded with the signing of a memorandum of cooperation between CCPIT Hangzhou Committee and C.I.C.

That afternoon, CCPIT Hangzhou Committee (CCOIC Hangzhou) joined hands with Dubai Multi Commodity Centre (DMCC), DMCC Yingtian China Business Center, and Chinese General Chamber of Commerce UAE to host the “World Hangzhou Merchants Convergence” 2024 Seminar on Business Opportunities Between China (Hangzhou) and UAE. Over 80 participants from trade and investment sectors of both cities attended the event.

Mr. Song Bin, head of the delegation, delivered a welcoming address and introduced Hangzhou’s business environment. Mr. Belal Jassoma, Director of Ecosystems at DMCC, also delivered a welcoming address at the event. Ms. Shi Jianlan, Regional Representative for the Far East at DMCC, gave a detailed presentation on Dubai’s business environment and DMCC’s commitment to openness and diversity. Mr. Hu Shengli, Senior Director for the Chinese Market, Jebel Ali Free Zone (JAFZA), introduced JAFZA’s business environment, highlighting its advantages as a prime investment destination in the UAE.

At the seminar, representatives from Hangzhou-based companies, including Hangzhou Tuya Information Technology Co., Ltd., Geotechnical Technology Co., Ltd., Zhejiang MP Mining Equipment Co., Ltd., and Zhejiang New Energy Vehicle Co., Ltd., actively pitched their businesses. Dahua Technology and Alibaba Cloud shared their success stories relating to investment in the UAE, underscoring their strong interest in the Dubai market. CCPIT Hangzhou Committee signed a memorandum of friendship and cooperation with Chinese General Chamber of Commerce UAE, paving the way for deeper collaboration between the two parties.