Shenzhen:Dubai Dubai Chambers has signed Memorandums of Understanding (MoUs) with four chambers of commerce in China, aiming to bolster cooperation and support the business community. This move seeks to deepen ties between companies in Dubai and their counterparts in Beijing, Shenzhen, Guangzhou, and Chongqing.

According to Emirates News Agency, the agreements were signed with the Beijing Chamber of International Commerce (BCIC), the China Chamber of International Commerce Shenzhen Branch (CCOIC Shenzhen), the China Chamber of International Commerce Guangzhou Chamber of Commerce (CCOIC Guangzhou), and the China Chamber of International Commerce Chongqing Chamber of Commerce (CCOIC Chongqing). These were formalized during the Dubai Business Forum - China, organized by Dubai Chambers in Shenzhen.

Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, signed the MoUs with key Chinese representatives, including Zhang Jianwei from BCIC, Huang Xiaofeng from CCOIC Guangzhou, and Deng Lin from CCOIC Chongqing. The MoU with CCOIC Shenzhen was signed by Salem AlShamsi, Executive Vice President of International Relations at Dubai Chambers, and He Shanshan, Secretary-General of CCOIC Shenzhen.

Lootah emphasized Dubai Chambers' commitment to strengthening ties with priority markets by facilitating direct engagement among businesses and creating new trade and investment opportunities. He highlighted the development of a supportive ecosystem enabling the local private sector to expand internationally and benefit from expertise and knowledge exchanges.

The MoUs aim to reinforce relations and support the development of wider trade and economic ties between the regions. They focus on promoting trade and investment, exchanging information on international events, and providing mutual support for participation in such activities. The agreements are part of Dubai Chambers' strategy to enhance the competitiveness of the private sector, broaden market access, and contribute to Dubai's sustainable economic growth.