Dubai Multi Commodities Center, one of the biggest free trade zones in the United Arab Emirates, has set up a representative office in Shenzhen in a move to attract more Chinese businesses to develop in Dubai.
The office will provide a variety of services to facilitate Chinese enterprises” development there, including advice and consulting, signature witnessing, document verification and other services.
The center also has set up a Chinese website for the office to better inform Chinese enterprises of related information on setting up business in the free trade zone.
The opening of the representative office is expected to help the center better explore business opportunities in China and establish partnerships with Chinese enterprises.
“China has always been an important market for Dubai and (the center), and we have played a major role in developing bilateral trade relations over the years. Sitting at the crossroads of the world, (the center) is eager to support Chinese businesses establish a foothold in the Middle East and beyond,” said Ahmad Hamza, executive director of free trade at the center.
“The opening of the representative office will allow us to work closer with the Chinese business community and unlock a host of opportunities. It also will further the longstanding commercial relationship that exists between the UAE and China, and reinforce our support to both the Dubai Silk Road strategy and the Belt and Road Initiative and the mutual business potential they will bring.”
Li Feng, general manager of the center’s China Business Center at corporate service provider Yingtian Global, said the move reaffirms its commitment to enhance the ease of doing business for the Chinese community. The office setup is in partnership with Yingtian Global.
More than 540 Chinese companies have set up an office at the center, accounting for nearly 10 percent of the total number of Chinese businesses registered in the country.