Dubai Multi Commodities Centre (DMCC) and Royal Fund Investment (RFI) have signed a Memorandum of Understanding aimed at cementing stront trade ties between DMCC and the growing Chinese business community.
The MoU, which commits both parties to help Chinese corporations to set up in Dubai and DMCC free zones, was signed by Ahmad Bin Sulayem, Executive Chairman of DMCC, and Me Goulong, CEO of RFI.
Bin Sulayem said, “As a result of our new relationship with RFI, we have already met with businesses and government entities in Beijing last week, with more to come. The initiatives outlined in this MoU serve as a launch pad for Chinese businesses looking to grow in Dubai and beyond.”
Ma added, “There is a strong synergy between RFI and DMCC when it comes to our commitment to boosting business activities along the Belt & Road corridor. DMCC is a strong partner and we look forward to bringing the activities outlined in our MoU to life together.”
Under the MoU both parties will provide business solutions for Chinese firms seeking to set up in free zones and will raise awareness of potential investment opportunities in DMCC’s Uptown Dubai district and of Dubai Gold & Commodities Exchange products, including Shanghai gold futures and Sharia spot gold contracts.
On July 11, DMCC signed an MoU with the China Council for the Promotion of International Trade (CCPIT), China’s national foreign trade and investment promotion agency, during a DMCC roadshow in the city of Wuhan, in China’s Hubei Province.