UAE and China are important trade partners. In 2019, the bilateral trade volume of the two countries will increase by 9% year on year, and the two-way investment will continue to expand. One belt, one road, one belt, one road and one Sino US production Park in recent years, is the only "one way and one way" production Park in China, located in the Abu Zabi Khalifa industrial area (KIZAD), the largest industrial and free trade area in the Middle East and North Africa. On September 21, the Middle East and UAE -- the new opportunities network forum for Chinese enterprises was held online. Business representatives and experts from Jiangsu Haitou company and Halifa industrial zone jointly focused on kizad value orientation and park advantages, showing Chinese enterprises the unique attraction of the business ecosystem of the largest industrial park in the Middle East.
"A project of the company is located in the Middle East because its raw materials are from the Middle East, and 55% of the market share is also in the Middle East. Therefore, the company chooses to settle in the park, which is closer to the raw materials and market, and reduces a lot of logistics and freight costs." Miao Fei, director of investment promotion of Jiangsu Haitou company, introduced kizad's special preferential treatment for Chinese enterprises in Abu Dhabi. Firstly, kizad can provide the most competitive business setting solution and world-class infrastructure in UAE. Before the end of 2020, the industrial park will be free of land rent, and after that, the annual rent of industrial land will not be higher than $7 / m2; secondly, zero tax rate will be realized to exempt enterprises and individuals Third, the park is adjacent to several international airports. There are more than 150 passenger flights between China and Arab Emirates every week. The infrastructure in the area is equipped with pre built railway culverts. After the construction of the United Arab Emirates Federal Railway project, the integrated transportation can be promoted Ability. In addition, the construction of "financial service platform of Sino Arab production capacity Cooperation Demonstration Park" was launched in 2018, which can provide supporting financial services for the park, and make Chinese enterprises more comfortable to settle down. "At present, Jiangsu Haitou company has signed 10 projects." Murphy said.
UAE is rich in oil and gas resources, but in recent years, it has also made efforts to develop non oil economy such as cement, aluminum smelting, pharmaceutical and medical equipment, building materials, clothing, food processing, etc. "Abu Dhabi 2030 Vision Plan" attaches importance to the implementation of diversified industrial development. "As the smartest city in the Middle East and North Africa, Abu Dhabi's ecosystem is an ideal test platform for innovation and advanced manufacturing, such as UAE AI warships, hub71, and Masdar city." Shuyad, director of the investment office of the Abu Dhabi Investment Authority, introduced Abu Dhabi's policy initiatives to promote economic diversification. Among them, Masdar city is committed to developing clean technology and renewable energy, and is one of the most sustainable urban communities in the world.
In order to help foreign investors effectively carry out investment, the Abu Dhabi Investment Office conducts end-to-end tracking management, including providing relevant economic and industrial data, introducing relevant applicable laws and regulations, assisting in obtaining economic and business licenses, helping to utilize local talents, introducing local banking partners, etc., so as to help qualified enterprises develop and ensure that they are in the The market and the region as a whole have been successful for a long time. "Abu Dhabi is a recognized base for expansion and a gateway to the world's fastest growing economy." Shuyade said.