Abu Dhabi signs groundbreaking agreements with China to strengthen economic, business partnerships

An Abu Dhabi economic delegation, led by the Abu Dhabi Department of Economic Development (ADDED), concluded a successful visit to China, which saw the signing of groundbreaking agreements to further enhance cooperation between government entities and private sector companies in Abu Dhabi and China, reaffirming the emirate’s efforts to build and cement partnerships with leading economies and trading partners.

The visit showcased the ‘Falcon Economy’s’ attributes, the ample growth opportunities available in Abu Dhabi, and the emirate’s commitment to transformative strategies to address new trends and changes in the global economy.

A strategic cooperation agreement was signed between the Abu Dhabi Government and Shanghai Municipal People’s Government, covering wide-ranging areas including business, trade, finance, science, technology, education, culture, health, tourism, and ports. The Foreign Affairs Office of the Shanghai Municipal People’s Government and ADDED will lead efforts and initiatives to achieve the objectives of the agreement in line with the joint communiques and statements announced by the leaderships of the People’s Republic of China and the UAE.

Over the course of six days, the Abu Dhabi economic delegation actively engaged in bilateral meetings with top government officials, key businesses and investors in Beijing, Shanghai, Shenzhen, and Hong Kong. The meetings included Chen Jining, Member of the Politburo of the Chinese Communist Party and Party Secretary of Shanghai, Yin Yong, the Mayor of Beijing, Gong Zheng, Mayor of Shanghai and John Lee, Chief Executive of Hong Kong.

Ahmed Jasim Al Zaabi, Chairman of ADDED, said: “We are pleased with the outcomes of our visit to China, building on strong foundations to further enhance our partnership by exploring new opportunities in clusters with high-growth potential and emerging industries. The steady and impressive growth of bilateral trade and mutual investments between the UAE and China is a testament to our shared commitment to further strengthen the strategic cooperation, based on mutual trust, collaboration, and a common vision to address global economy’s challenges”.

“As economic cooperation is a key pillar in cementing relations, we are forging ahead with efforts to build bridges and enhance bonds with key economies, powerhouses, and trading partners around the world, guided by our leadership’s collaborative and proactive approach to shaping a better future for all,” Al Zaabi added.