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Abu Dhabi Global Market Deepens Economic Ties with China  
Global News

Abu Dhabi Global Market Deepens Economic Ties with China  

Four key industry collaborations announced

TLME News Service

In presence of His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces and Mr Xi Jinping, President of the People’s Republic of China, Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, announced key collaborations and ties with strategic Chinese institutions.

These announcements came during the state visit by the Abu Dhabi State Leader and his Ministerial delegation to the People’s Republic of China.

The new partnerships and agreements are with the National Development and Reform Commission (NDRC), China National Nuclear Corporation (CNNC), and China Everbright Group.

On the same day at the UAE-China Economic Forum in Beijing, ADGM also entered a new agreement with OneConnect Financial Technology (a subsidiary of Ping An group) to foster greater cross-border FinTech opportunities in support of the Belt-and-Road initiative.

UAE Signs Free Zone Deal with China

These collaborations bear testament to ADGM’s efforts in engaging key Chinese stakeholders since the launch of its China representative office at Beijing in May 2018.

H.E Ahmed Ali Al Sayegh, Minister of State (UAE) and Chairman of ADGM, said: “China and the UAE/Abu Dhabi have maintained a deep respect and support of each other for decades.

“These four collaborations underscore the key industries and sector strengths of both China and Abu Dhabi. As an International Financial Centre and ecosystem enabler, ADGM will continue to create sustainable business and investment opportunities between the two countries and support the development of the Belt-and-Road initiative.

“We look forward to welcoming and working closely with NDRC, CNNC, China Everbright Group, OneConnect Financial Technology and many more Chinese enterprises to anchor their MENA operations in ADGM and Abu Dhabi.”

Read More: $3.4 Billion China Deals to Boost UAE Economic Growth