A Pre-Dubai Expo Event to Familiarize Hong Kong and Mainland Business Communities to Tap into the Booming Markets in the UAE
HONG KONG SAR - Media OutReach - 14 July 2021 -
Senior executives from more than 150 local and mainland businesses joined an
online forum jointly organized by the Consulate General of
the United Arab Emirates (UAE) in Hong Kong and the Chinese General Chamber of Commerce (CGCC) on 12th
July to learn and explore business opportunities in the UAE, which has Hong
Kong and mainland China among its leading trade partners.
The UAE Investment Opportunities Webinar
was organized as a prelude to the Expo 2020 Dubai which is due to begin on 1st
October this year. At the webinar, 10 representatives from heavy-weighted
investment authorities from Abu Dhabi, Dubai, Sharjah and Ras Al Khaimah (see
Annex) presented their projects on real estates, finance, creative industry and
healthcare, which are lucrative opportunities for foreign investors. They also
shared information about investment regulations and the latest business
environment in the UAE.
In her opening
remarks, Mariam Alshamsi, UAE Acting Consul General to Hong
Kong, encouraged local business communities to tap into the UAE's booming
markets in FinTech, blockchain technology, healthcare, medical tourism,
education, culture and arts, riding on the opening of the Hong Kong Economic
and Trade Office (HKETO) in Dubai this year.
CGCC Permanent Honorary President Dr Jonathan Choi reflected that the CGCC has been working closely with the UAE for a
very long time, building connections with local chambers and businessmen. He
commended that "UAE has a well-established infrastructure, stable political
system and one of the most liberal trade regimes in the Gulf region." Hence,
the UAE continues to be increasingly important, relevant, and attractive to
investors around the world.
Calling
for participation in the Expo 2020 Dubai in October
Upon
the conclusion of the much-anticipated UAE Investment Opportunities Webinar ,
the Consulate encouraged all parties who are interested in the Belt and Road
Initiative to partake in the Expo 2020 Dubai, a mega event set to take place from 1st
October 2021 to 31st March 2022, that will bring together delegates
of corporations, governments and non-governmental organizations from 192
countries and regions to discuss and explore the opportunities to collaborate
on business, mobility and sustainability, connecting dozens of millions of
people.
Annex 1 - The list of the 10 high-profile UAE presenters
Ali Hassan (Senior Representative for
Europe and North America, Dubai International Financial Centre https://www.difc.ae/chinese/);
Jaffar Bin Jaffar (Director, Property and
Sales Operations, Asset Management, Dubai Healthcare City Authority https://www.dhcc.ae/);
Faisal Jassem (Senior Manager of Sales,
Jebel Ali Free Zone https://jafza.ae/).
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About the UAE
The
UAE was one of the earliest countries to join the Belt & Road Initiative.
Apart from being Hong Kong's largest trading partner in the Middle East and
being its 16th largest trading partner in 2020, UAE is also the
largest export market and the 2nd largest trading partner of China
in the Arab world. In recent years, the country has managed to undergo economic
diversification from an oil-driven economy to developing non-oil sectors. It has employed an array of open policies for
foreign investors, including waiver of withholding taxes, freehold ownership of
land, 100% company ownership, restriction-free on employee nationalities,
protection under the international financial regulatory regime and so on. Those
preferential treatments have attracted many renowned organizations to set up
their operations in the UAE.
About the organizers
The
Consulate General of the UAE in Hong Kong is committed to fostering bilateral ties between UAE, Hong
Kong and China in the spirit of the Belt and Road Initiative as well as the
Greater Bay Area plan, by connecting counterparts and curating events in the
economic, cultural, education, media and charity fronts.
The Chinese General Chamber of Commerce, Hong Kong is one of the oldest and largest chambers of
commerce in Hong Kong with a membership of over 6,000 local Chinese
associations, companies and individuals.