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FINANCIAL NEWS
Dubai, China ink 11 deals
07 Nov 2016
(MENAFN) Dubai and China are in talks for signing 11 agreements; therefore Dubai wants to de more than just encourage Chinese investments to have huge presence in emirate.
China communications Construction Co. limited opened an office in Dubai in 1985, which has projects worth of USD100mn in Dubai out of USD3bn worth of projects in the area.
Last year, Dubai hosted 450.000 Chinese tourists with an increase of 29 percent of 2014, while Emirates airline has more than 100 flights a week to many Chinese cities.
China was Dubai’s top trade partner in 2015 with almost USD47bn of non-oil trade, which is almost double the trade volume of 2010.
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