China is Dubai’s No.1 trading partner and with a strong representation of Chinese businesses in DMCC already, the Dubai Week in China partnership further underpins DMCC’s drive to boosting commodities trade along the West to East corridor.
Dubai, UAE (PRWEB) October 26, 2016
DMCC, the Government Authority on trade, enterprise and commodities in Dubai, today announced its participation as official partner of Dubai Week in China: Shanghai – a Falcon and Associates initiative supported by the Shanghai Municipal Commission of Commerce (SMCC).
Dubai Week in China, which takes place from 27-29 October in Shanghai through the unified voice of Strategic Partners Expo 2020 Dubai and Official Partners – DMCC, Dubai Chamber, DIFC, DTCM, Jafza and Jumeirah – Dubai Week in China aims to deepen the knowledge and understanding of the city among government officials, business and thought leaders, entrepreneurs and investors.
Gautam Sashittal, Chief Executive Officer, DMCC, said: “China is Dubai’s No.1 trading partner and with a strong representation of Chinese businesses in DMCC already, the Dubai Week in China partnership further underpins DMCC’s drive to boosting commodities trade along the West to East corridor – connecting directly into China’s One Belt One Road initiative, by collaborating with Dubai’s leading entities as well as Government entities and businesses in China.”
There are over 150 thriving Chinese businesses in DMCC today, including Hisense (multi-national white goods and electronics manufacturer), Sinopec (China Petroleum & Chemical Corporation) and CSCEC (China State Construction Engineering Corporation).
DMCC announced a Memorandum of Understanding with the China Silver Group, China’s largest silver producer earlier this year; and signed a Memorandum of Understanding with Zhongwei Ningxia Municipal People’s Government in China; whilst Bank of China also announced it has become a settlement bank on the DGCX (Dubai Gold & Commodities Exchange) in the first quarter of 2016.
“We have several partnerships with China to be announced in the coming weeks that will positively impact the flow of commodities trade through the Region, and we see Dubai Week in China as the perfect platform to do so as we prepare for future growth,” concluded Mr. Sashittal.
For further information on DMCC visit http://www.dmcc.ae.
Nadine Abdel Khalek
PR & Corporate Communications Manager
Mobile: +971 56 676 4622
DMCC is the authority on trade, enterprise and commodities in Dubai—home to the world’s leading businesses of today, and tomorrow.
The most successful markets create conditions that enable producers, traders and consumers to thrive. DMCC is a Dubai Government Authority committed to developing these ideal conditions and has a strong track record in commodity trade facilitation where we encourage and support business through the platforms we provide. These include our Free Zone, commodity exchanges, legal and regulatory frameworks and our real estate offering.
DMCC is developing the ‘Burj2020 District’ as part of our DMCC Free Zone expansion strategy to provide leading businesses with a commercial property offering unique to the Dubai marketplace.
Indispensable to the economic growth of the nation, we - together with our members - deliver strong performance today, and sustainable growth tomorrow.
DMCC. Made for Trade.