According to the president and chief executive officer, Mohammad Ali Rashed Lootah, Dubai Chambers said it would be pushing an ambitious strategy that places strong ties in technology and emerging industries between the United Arab Emirates and China. This is part of the wider agenda in celebrating the 40th anniversary since the establishment of diplomatic ties.
PC: Economy Middle East
The vision of Lootah underlines the role the Chinese market plays in Dubai’s economic strategy. A gesture pointing toward the strategic importance of China in Dubai’s economic plans is the choice of Beijing as the first overseas venue for the Dubai Business Forum.
The Dubai Business Forum: A Strategic Initiative
The Dubai Business Forum, held in Beijing, becomes a platform to sell its investment potential and forge cooperation with Chinese businesses. The forum provided an important avenue for facilitating further growth of Dubai’s presence in the Chinese market and showcasing the emirate’s immense investment potential in all fields.
Lootah said Beijing was chosen as the venue for the forum because it is one of the biggest economies in the world and leads in the technology sector. The forum shall establish close business ties and discover new opportunities for cooperation in technologies and other emerging industries.
Strong Focus on Technology, SMEs
He said that the Chinese technology companies had been increasingly contributing to the Dubai economy. He has said that it would timeous and relevant for the either region to engage seriously with the organizations from China, even more so the SMEs. The progress and growth of the SME sector in Dubai have been impressive, and more participation in the Chines technology companies will make it possible for the region to innovate further and experience more economic growth.
In addition to the forum, Dubai Chambers opened a branch that would help link with technological partnerships. Among other activities, the branch has been involved in are roadshows and strategic partnership-building efforts with technology industrial parks from China.
Promoting the Digital Economy
The Dubai Chambers is eyeing a drive in the growth of the digital economy, and this is therefore viewed as being key to economic development. This mandate is further emphasized by the fact that it created a new branch solely for technology. Events, such as creating opportunities for cooperation between UAE and Chinese businesses with a focus on the technology industry, are part of the activities by the new branch.
Lootah’s strategy is, therefore, pegged on the reason that there will be continued cooperation with the Chinese technology companies to spur growth in Dubai’s economy. Technologies like this and great business ties are ways through which Dubai can become an innovation and investment hub.
In this regard, the efforts that Mohammad Ali Rashed Lootah is making toward strengthening UAE-China economic relations indicate strategic focusing on technology and emerging industries. This will involve the holding of a Dubai Business Forum in Beijing as an important step in this initiative, with the view of investment and collaboration. With the help of a focused department connected to technological partnerships and through engagement with Chinese SMEs, Dubai Chambers can offer more towards economic ties with China and future growth with innovative solutions in technology.
