The state visit to China by His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces has cemented trade ties between the two countries, says Falah Mohammad Al Ahbabi, Chairman of Abu Dhabi Ports.
Al Ahbabi, who is also a member of the Abu Dhabi Executive Council, and chairman of the Department of Urban Planning and Municipalities, said that the visit underscores “the strategic trade and economic ties between both our countries and strengthen cooperation and sustainable development across various fields and areas of interest”.
“Abu Dhabi’s strategic location and commitment to the Belt and Road Initiative (BRI) has placed the Emirate in an advantageous position on the global trade map,” he said. “These factors have allowed us to forge a number of strategic partnerships that continue to support the development of an innovative and sustainable economic ecosystem across the region.”
“These partnerships also saw the recent inauguration of CSP Abu Dhabi Terminal at Khalifa Port; positioning Abu Dhabi as the regional hub for COSCO’s global network of 37 ports and further connecting the Emirate to the major trade hubs along the BRI,” he added.
“Meanwhile, the China-UAE Industrial Capacity Cooperation Demonstration Zone, which was established in KIZAD in conjunction with Jiangsu Overseas Cooperation Investment Co. Ltd. (JOCIC), has already attracted the interest of 20 Chinese firms and a total investment of AED 6.2 billion."
“Our relationships with the Chinese business community leverage the valuable synergies between the UAE and China and serve the commercial and economic development plans of both nations. I’m confident that our outward-looking strategy will continue to boost the maritime sector in Abu Dhabi, increase regional trade and attract foreign direct investment, in line with Abu Dhabi’s Economic Vision 2030.”