Sheikh Mansour Bin Zayed Attends Inaugural UAE-China Investment Cooperation Committee Meeting
His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President and Deputy Prime Minister of the UAE, participated in the inaugural meeting of the UAE-China Investment Cooperation Committee. This virtual meeting included senior officials from both nations. During his address, Sheikh Mansour conveyed greetings from President His Highness Sheikh Mohamed bin Zayed Al Nahyan to China's President Xi Jinping, wishing for continued prosperity in their bilateral relations.
Sheikh Mansour highlighted that 2024 is a landmark year as it marks four decades of diplomatic ties between the UAE and China. He noted that trade between the two countries reached US$102 billion in 2024, a 7% increase from the previous year. This growth underscores the strengthening economic relationship between the two nations. He also commended China's dedication to enhancing its economic partnership with the UAE.
The meeting announced the renewal of the UAE-China Joint Investment Fund, initially established in 2012. This fund has been instrumental in supporting significant investment projects across various sectors and will continue to advance joint strategic initiatives. Additionally, new agreements and memoranda of understanding were signed, focusing on cooperation in energy, advanced industry, digital economy, and emerging technologies.
The General Secretariat of the UAE-China Investment Cooperation Committee provided a detailed update on progress made by both sides. Presentations from committee members and representatives of relevant institutions reviewed developments across key investment and cooperation sectors.
In his closing remarks, Sheikh Mansour reiterated the UAE's commitment to deepening its strategic partnership with China. He expressed support for China's "Belt and Road" Initiative and aimed to increase bilateral trade volume to US$200 billion by 2030. Emphasis was placed on collaboration in the energy sector to ensure energy security and sustainability.
The meeting was attended by several prominent UAE officials including Mohamed Hassan Al Suwaidi, Minister of Investment; Dr. Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology; Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade; Khaldoon Khalifa Al Mubarak, Chairman of the Executive Affairs Authority; and other officials.
The Chinese delegation featured Zhao Chenxin, Vice Chairman of the National Development and Reform Commission; Liu Bin, Assistant Minister at the Ministry of Foreign Affairs; Xuan Changneng, Deputy Governor of the People’s Bank of China; Li Ming, Vice Chairman of China Securities Regulatory Commission; Zhang Qingsong, Chairman and CEO of China Investment Corporation; Tan Jiong, President of China Development Bank; along with other high-ranking officials.
With inputs from WAM
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