Beta Launch Saturday, 24 August 2019
Global Dow 3.79
2,835.68 0.13%
27 August 08:59 PM
S&P 500 4.08
2,443.05 0.17%
25 August 05:03 PM
EGX 23.25
12,949.65 0.18%
27 August 12:00 AM
TDWL -20.48
7,225.18 -0.28%
27 August 12:00 AM
DFM -21.94
3,602.55 -0.61%
27 August 12:00 AM
ADX -13.82
4,479.99 -0.31%
27 August 12:00 AM

China ties will last for generations

 This week, His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, concluded a three-day official visit to Beijing, where he met with President Xi Jinping. 

"The visit, which was described as a milestone moment by China’s Foreign Minister Wang Yi, gave the two countries a renewed opportunity to strengthen longstanding ties that date back 2,000 years, to the early days of the Silk Road," said The National in an editorial on Thursday.

The paper continued, "Moving forward, the two leaders have taken inspiration from a long history of trade and fraternity to cement UAE-China ties in the long term. Sheikh Mohamed revealed that he and Mr. Jinping were devising an ambitious road map for a century of prosperity. China is already the UAE's second-biggest trading partner, which means that strengthening economic relations is strategically important for Abu Dhabi. 

"A total of 16 deals have already been signed. Among them, was an agreement between Dubai's Emaar Properties and Beijing Daxing International Airport to implement a $11 billion project in Dubai. Abu Dhabi National Oil Company also signed a deal with the state-owned China National Offshore Oil Corporation – the world’s biggest oil importer. In addition to this, the UAE will be part of China’s Belt and Road initiative, a vast infrastructure project that aims to link China to Central and South Asia, the Arabian Gulf, Africa and Europe.

"The UAE will be essential to such an endeavour, as the nation already connects the east to Africa and the Arab world, and is home to Dubai, the Middle East’s biggest financial hub. This has prompted Mr. Wang to describe the Gulf nation as a 'shining pearl' in this colossal project.

"However, relations between the UAE and China extend beyond their historic and commercial ties – the two nations have formed deep cultural and personal links. In recent decades, a growing community of Chinese residents have made the UAE their home. In the early 1990s, an estimated 1,000 Chinese nationals lived in the country. Now, there are more than 200,000 Chinese residents and 6,000 businesses. 

"This significant development has seen the rise of Dragon Mart, the world’s largest Chinese trading hub outside mainland China, located on the outskirts of Dubai. The relevant authorities have also made it easier for UAE nationals to experience the many wonders of China. In 2018, Emiratis were exempted from the pre-entry visas required to visit the nation. 

"Sheikh Mohamed’s visit to Beijing will only strengthen a fond and mutually beneficial relationship that will last for generations to come," concluded the Abu Dhabi-based daily.

RECOMMENDED

COMMENTS

There are no comments yet

LEAVE A COMMENT

Share with

My Account

Forgot password?

Create An Account

Forgot password?

Restore password

Subscribe to read
Already subscribed? Click here

For a limited time!
12 Months = 15 Months
24 Months = 32 Months
(Included Postal Fees worldwide)

Read, Explore Opportunities
Be connected with Business, Investment, Finance, Stock Exchange, Currencies, Development and International Cooperation

3 Months

18 USD / 60 AED

English Edition

Subscribe

3 Months

18 USD / 60 AED

Arabic Edition

Subscribe

3 Months

29.9 USD / 99 AED

Both Editions

Subscribe

6 Months

36 USD / 120 AED

English Edition

Subscribe

6 Months

36 USD / 120 AED

Arabic Edition

Subscribe

6 Months

59.9 USD / 199 AED

Both Editions

Subscribe

12 Months

72 USD / 240 AED

English Edition
Good Deal! 
(15 Months instead of 12 Months)

Subscribe

12 Months

72 USD / 240 AED

Arabic Edition
Good Deal! 
(15 Months instead of 12 Months)

Subscribe

12 Months

122 USD / 408 AED

Both Editions
Good Deal! 
(15 Months instead of 12 Months)

Subscribe

24 Months

144 USD / 480 AED

English Edition
Amazing Deal!
(32 Months instead of 24 Months)

Subscribe

24 Months

144 USD / 480 AED

Arabic Edition
Amazing deal!
(32 Months instead of 24 Months)

Subscribe

24 Months

240 USD / 799 AED

Both Editions
Amazing deal!
(32 Months instead of 24 Months)

Subscribe
* Terms and conditions apply.