‘Chinese manufacturers planning to invest in JOCIC Park in Abu Dhabi’

Several Chinese companies are planning to set up manufacturing facilities at the China-UAE Industrial Capacity Cooperation Demonstration Zone (JOCIC Park) under the Khalifa Industrial Zone Abu Dhabi (Kizad), giving further impetus to the Belt and Road Initiative (BRI) partnership between the two countries.

These projects are part of the BRI and are aligned with Abu Dhabi’s economic vision 2030, according to Jianzhong Gong, vice president of JOCIC.

The investments will be joint ventures or independent projects, he said, estimating the investments in the region of $10 billion.

The JOCIC Park, a key initiative under the China-UAE Belt and Road collaboration, is signing up more than 30 co-operation projects. The Park is a prime destination for Chinese companies looking to invest in the Middle East, playing a crucial role in China-UAE industrial capacity co-operation.