Summary of Chinese Companies Cash in on Dubai

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The number of Chinese companies setting up at Dubai Multi Commodities Centre (DMCC) – the largest free trade zone in the United Arab Emirates – is increasing. The steady implementation of China’s development strategy, the Belt and Road Initiative, is reinforcing that trend. Yang Yueqi, reporter for the 21st Century Business Herald, one of the most influential business newspapers in China, interviews DMCC CEO Gautam Sashittal about the center’s merits and plans for the future. Unsurprisingly, much of the interview reads like advertisement for DMCC. Nonetheless, getAbstract recommends this article to company executives who like to keep an eye on Chinese companies’ movements.

In this summary, you will learn

  • What type of Chinese companies register at Dubai’s free trade zone the Dubai Multi Commodities Centre (DMCC);  
  • Why registrations of Chinese companies at DMCC are on the increase; and
  • Why Dubai and DMCC are attractive to Chinese companies.
 

About the Author

Yang Yueqi is a reporter for the 21st Century Business Herald, one of the leading business newspapers in China.

 

Summary

Dubai Multi Commodities Centre (DMCC) is Dubai’s strategic governmental initiative to foster global commodities trade. For China’s business community, Dubai presents the opportunity to strengthen trade ties with emerging and established markets. Among the companies licensed at DMCC are video surveillance company Hikvision, energy company Power China, electronics company Hisense, oil and gas company Sinopec, China Harbor Engineering Company and China State Construction Engineering Corporation. The majority of Chinese companies at DMCC are large enterprises involved in infrastructure and technology.

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