Business | Economy
Business directory for Chinese investors
The Ministry of Foreign Trade has issued a comprehensive foreign investor directory in the Chinese language to mark the current four-day visit to China by Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai.
- WAM
- Published: 00:01 April 2, 2008
Abu Dhabi: The Ministry of Foreign Trade has issued a comprehensive foreign investor directory in the Chinese language to mark the current four-day visit to China by Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai.
The ministry will distribute the directory to Chinese investors, businessmen and chief executives during the UAE-China trade forum, which will get under way in Shanghai on today.
A ministry press release said the first of its kind initiative is part of the ministry efforts to put the federal government strategy on development of foreign trade, which seeks to establish the UAE as a favourite destination to foreign investors.
The directory provides detailed reliable information and statistics on political systems, federal ministries, demographic transformation, economic development, business and trade legislations, labour, health, education, water and electricity, aviation, privatisation programmes, telecommunications, transport and free zones.
Procedures
The directory gives due attention to procedures and requirements for starting new business in the UAE.
The ministry issued in mid-2007 a similar directory in English.
The UAE and China has a strong bilateral trade relation with the total value of trade exceeding $20 billion.
While the UAE's imports from china exceeded $17 billion last year it exported more that $3 billion worth goods to China. The visit of Shaikh Mohammad and his delegation to China is expected to boost the bilateral commercial relations between the two countries.
Commenting on the business implications of the state visit, Kamal Vachani, Director of Al Maya Lal Group said: "The UAE has emerged as a hub for trading Chinese goods in the region. The domestic market itself consumes goods worth several millions. We expect the visit by his highness will pave the way for a significant increase in trade of Chinese goods through the UAE."
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