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Chinese Companies Cash in on Dubai
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Chinese Companies Cash in on Dubai

Registrations of Chinese Companies at Dubai Multi Commodities Centre Have Grown by an Average of 46% Annually over the Past Five Years

Yang Yueqi
21st Century Business Herald , 2017
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6

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Recommendation

The number of Chinese companies setting up at Dubai Multi Commodities Centre (DMCC) – the largest free trade zone in the United Arab Emirates – is increasing. The steady implementation of China’s development strategy, the Belt and Road Initiative, is reinforcing that trend. Yang Yueqi, reporter for the 21st Century Business Herald, one of the most influential business newspapers in China, interviews DMCC CEO Gautam Sashittal about the center’s merits and plans for the future. Unsurprisingly, much of the interview reads like advertisement for DMCC. Nonetheless, getAbstract recommends this article to company executives who like to keep an eye on Chinese companies’ movements.

Take-Aways

  • At Dubai Multi Commodities Centre (DMCC), the city’s free trade zone, registrations of Chinese companies have increased by a yearly average of 46% over the past five years.
  • China’s Belt and Road Initiative will fuel the growth of Chinese businesses in Dubai due to Dubai’s geographical significance.
  • The enrollments of Chinese companies at DMCC will likely snowball as promotional events continue to boost cooperation.

About the Author

Yang Yueqi is a reporter for the 21st Century Business Herald, one of the leading business newspapers in China.

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