China’s investment in UAE
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The UAE boosted its investments in China by 120 per cent last year, accounting for “90 per cent of Arab countries' investments in China”, Mr Zhang said.
The UAE was ranked as the third-largest FDI market globally in terms of project activity in 2023, moving up from fourth the previous year, according to the latest report by data and analytics company GlobalData.
China and the UAE signed a memorandum of understanding in 2015 that paved the way for high-level education partnerships.
In 2019, China AI giant SenseTime signed a deal with Abu Dhabi to base its regional research and development headquarters in the emirate, to create hundreds of jobs.
In this UAE and China are expected to continue to boost their investment co-operation in sectors including manufacturing, new energy and financial services, Tony Dong, chief representative of Sino International Entrepreneurs Federation,
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