Over the course of the last 12 months, the number of Chinese companies operating in Dubai’s premier international business center, DMCC, has increased by more than 16%, reaching a total of more than 1,000 Chinese businesses. The news was made at DMCC’s most recent Made For Trade Live (MFTL) tour to China, which included stops in Shanghai, Suzhou, and Hangzhou, three of the Yangtze River Delta’s most vibrant hubs for advanced manufacturing and technology.
With double-digit annual growth in Chinese companies for five years in a row, including 19% in 2022, 21% in 2023, and 17% in 2024, most of which were driven by companies in AI, blockchain, Web3, and digital infrastructure, the roadshow demonstrated DMCC’s expanding role as a regional launchpad for China’s innovation-focused businesses. Within a larger community of over 3,400 tech companies, DMCC currently houses over 130 Chinese technology companies, providing Chinese enterprises with a dedicated platform for global expansion through Dubai.
China is currently the UAE’s biggest economic partner, with bilateral trade surpassing $102 billion last year and expected to treble by 2030, according to Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC. Deeper collaboration in trade, investment, and innovation particularly in AI and other cutting-edge technologies, where China has had fast growth in recent years is the foundation of this expansion.
Also Read:
Dr. Sofica Bistriceanu’s Journey as a Multifaceted Expert
Delivering Effective Legal Assistance in the UAE with InTrouble: Alexander Kopenkin
