China’s Jinsha Holding and UAE’s Royal Strategic Partners strike an investment deal
Alliance will explore multiple opportunities in creating digital assets
Dubai: China’s Jinsha Holding and UAE’s Royal Strategic Partners have struck a deal to launch joint ventures in digital assets and e-games.
Royal Strategic Partners is already a major contributor to the ‘Hala China’ initiative, and contributed towards promoting economic exchanges, investment cooperation between China and the UAE. As per the deal, strategic investments will be completed in sectors such as blockchain technology, finance, web services, entertainment, real estate and healthcare in the UAE.
The group will establish a fund for the blockchain industry in cooperation with Emirati investment funds, and a digital asset compliance exchange will be established. The launch date is not revealed yet.
Leo Liu, Chairman of Jinsha Holding Group, said, “Jinsha Holding Group and Royal Strategic Partners will work together, to build the largest Chinese-Arab investment base in the Middle East.”