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DMCC Named Official Partner for Dubai Week in China

October 25 2016
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With over 150 Chinese companies in its Free Zone, DMCC will use Dubai Week in China as a spring board to accelerate its Chinese presence

 

DMCC, the Government Authority on trade, enterprise and commodities in Dubai, today announced its participation as official partner of Dubai Week in China: Shanghai – a Falcon and Associates initiative supported by the Shanghai Municipal Commission of Commerce (SMCC).

The event which takes place from 27-29 October in Shanghai through the unified voice of Strategic Partners Expo 2020 Dubai and Official Partners – DMCC, Dubai Chamber, DIFC, DTCM, Jafza and Jumeirah – Dubai Week in China aims to deepen the knowledge and understanding of the city among government officials, business and thought leaders, entrepreneurs and investors.

Gautam Sashittal, Chief Executive Officer, DMCC, said: “China is Dubai’s No.1 trading partner and with a strong representation of Chinese businesses in DMCC already, the Dubai Week in China partnership further underpins DMCC’s drive to boosting commodities trade along the West to East corridor – connecting directly into China’s One Belt One Road initiative, by collaborating with Dubai’s leading entities as well as Government entities and businesses in China”.

There are over 150 thriving Chinese businesses including Hisense (multi-national white goods and electronics manufacturer), Sinopec (China Petroleum & Chemical Corporation) and CSCEC (China State Construction Engineering Corporation) in the DMCC Free Zone today; DMCC announced a Memorandum of Understanding with the China Silver Group, China’s largest silver producer earlier this year; and signed a Memorandum of Understanding with Zhongwei Ningxia Municipal People’s Government in China; whilst Bank of China also announced it has become a settlement bank on the DGCX (Dubai Gold & Commodities Exchange) in the first quarter of 2016.

“We have several partnerships with China to be announced in the coming weeks that will positively impact the flow of commodities trade through the Region, and we see Dubai Week in China as the perfect platform to do so as we prepare for future growth”, concluded Mr. Sashittal.

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