THE dubai Multi Commodities Centre (DMCC), the biggest free-trade zone in the United Arab Emirates, hosted a total of 852 Chinese companies, a 25 per cent increase from the previous year, reports Caixin.
The news came at the end of three investor roadshows conducted by the DMCC in China, with the centre's chairman and CEO Ahmed Bin Sulayem.
Mr Bin Sulayem highlighted the 'consistent 25 per cent growth in Chinese companies joining DMCC' for the past two years.
DMCC also said that its data indicated that of an estimated 6,000 Chinese enterprises operating in the UAE, 14 per cent are based in the zone.
Many Chinese firms see Dubai as their first stop in their expansion into the Middle East because of the emirate's open-door policy designed to attract foreign investment, said Zhang Chen, a senior partner at Yingke Law Firm's Shanghai office.
SeaNews Turkey
The news came at the end of three investor roadshows conducted by the DMCC in China, with the centre's chairman and CEO Ahmed Bin Sulayem.
Mr Bin Sulayem highlighted the 'consistent 25 per cent growth in Chinese companies joining DMCC' for the past two years.
DMCC also said that its data indicated that of an estimated 6,000 Chinese enterprises operating in the UAE, 14 per cent are based in the zone.
Many Chinese firms see Dubai as their first stop in their expansion into the Middle East because of the emirate's open-door policy designed to attract foreign investment, said Zhang Chen, a senior partner at Yingke Law Firm's Shanghai office.
SeaNews Turkey
