"Invest in China" Mideast promotion event held in UAE's capital

ABU DHABI, Dec. 12 (Xinhua) -- The "Invest in China" Middle East promotional event concluded here on Thursday.

During the two-day event, around 40 Chinese companies specializing in new energy, advanced manufacturing, biopharmaceuticals, and information technology engaged with over 70 Middle Eastern sovereign wealth funds and investment institutions through discussions and live presentations.

In his address to the event, Chinese Vice Commerce Minister and Deputy China International Trade Representative Ling Ji emphasized that innovation is a crucial link between China's market and Middle Eastern capital, highlighting China's encouragement of venture capital and private equity investment, along with its recent reforms to facilitate foreign investment in listed companies.

Ling invited Middle Eastern investors to seize opportunities arising from China's development and deepen cooperation with China on industrial innovation.

Chinese Ambassador to the United Arab Emirates (UAE) Zhang Yiming described the UAE as a bridge connecting Chinese and Middle Eastern capital, expressing hope that the event would foster in-depth exchanges between the two sides and result in successful partnerships.

Fatima Al Hajri, director of the Investment and Talent Attraction Department at the UAE's Ministry of Economy, noted that China is the UAE's largest global trading partner and that around 10,000 Chinese companies are operating in the country across various emerging sectors.

Mohammed Zainal Al Zarooni, director of Foreign Investment Development at the UAE's Ministry of Investment, acknowledged the frequent interactions between Chinese and UAE trade and investment institutions, and expressed optimism about bilateral cooperation opening new opportunities for Chinese businesses in the Middle East.

Participating Middle Eastern investors and institutions also praised China's robust market potential, technological prowess, reliable supply chains, and rich talent pool during the event, calling China an ideal destination for innovative investments.