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Ministry of Commerce: In the first half of the year, China's direct investment in the United Arab Em

Date: 2019-08-12
BrowsingS: 37
Source: 新华网
Release date: 2019-08-12
BrowsingS: 37

In the first half of this year, China directly invested US$510 million in the UAE, a year-on-year increase of 271%.

Xinhua News Agency, Beijing, July 25th, the Ministry of Commerce spokesman said on the 25th that in the first half of this year, China directly invested 510 million US dollars in the UAE, an increase of 271% year-on-year; completed contracted project turnover of 1.85 billion US dollars, an increase of 68.2%.

Ministry of Commerce: China’s direct investment in the UAE increased nearly three times in the first half of the year

Ministry of Commerce: In the first half of the year, China's direct investment in the United Arab Em

At a regular press conference held that day, he said that China is the UAE's largest trading partner and an important investment and infrastructure partner. The UAE is China's second largest trading partner and the largest export market in the Arab region. In the first half of this year, bilateral trade volume reached US$22.66 billion, a year-on-year increase of 9.6%.

According to data from the Ministry of Commerce, as of the first half of this year, China’s direct investment in the UAE totaled 5.91 billion U.S. dollars, and the turnover of completed contracted projects reached 29.7 billion U.S. dollars. The UAE’s direct investment in China reached 1.27 billion U.S. dollars.

'Next, we hope to work together with the Afghan side and, in accordance with the important consensus reached by the leaders of the two countries, we will spare no effort to promote the quality of the 'One Belt, One Road'.' Gao said that the China International Import Expo, China-Arab Expo, etc. will be fully utilized. Important platforms to expand bilateral investment and trade, promote the construction of China-GCC free trade zone, actively promote cooperation in infrastructure, energy resources, e-commerce, finance, innovation and third-party market cooperation, and jointly promote economic and trade cooperation between the two countries. Take a new step.

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