China Dubai free zone investment
While many countries have slowed investments in Dubai’s free zones due to the current economic climate and continuing unrest in the Middle East, China has greatly increased its investments. China’s efforts have led to an increase from 2009’s $11.8bn to $12.6bn this season. This is partly due to instability in Egypt, Libya, and Yemen, so many companies have moved their headquarters to the UAE, especially those in the petrochemical industries.
China has now become the number one investor in Dubai’s Jebel Ali Free Zone, bringing about $9.2bn of investment to the area. In comparison, Saudi Arabia only brought in about $5.5bn. China has been seeing rapid economic growth, even amidst a global downturn, and companies consider Dubai a solid place in which to do business. As a result, this is an exciting time for Sino-UAE economic relationships.
While many countries have slowed investments in Dubai’s free zones due to the current economic climate and continuing unrest in the Middle East, China has greatly increased its investments. China’s efforts have led to an increase from 2009’s $11.8bn to $12.6bn this season. This is partly due to instability in Egypt, Libya, and Yemen, so many companies have moved their headquarters to the UAE, especially those in the petrochemical industries. China has now become the number one investor in Dubai’s Jebel Ali Free Zone, bringing about $9.2bn of investment to the area. In comparison, Saudi Arabia only brought in about...
While many countries have slowed investments in Dubai’s free zones due to the current economic climate and continuing unrest in the Middle East, China has greatly increased its investments. China’s efforts have led to an increase from 2009’s $11.8bn to $12.6bn this season. This is partly due to instability in Egypt, Libya, and Yemen, so many companies have moved their headquarters to the UAE, especially those in the petrochemical industries.
China has now become the number one investor in Dubai’s Jebel Ali Free Zone, bringing about $9.2bn of investment to the area. In comparison, Saudi Arabia only brought in about $5.5bn. China has been seeing rapid economic growth, even amidst a global downturn, and companies consider Dubai a solid place in which to do business. As a result, this is an exciting time for Sino-UAE economic relationships.
