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Trade delegation led by UAE Minister of Economy to participate in Belt & Road Summit in Hong Kong

18 May 2016

Trade delegation led by UAE Minister of Economy to participate in Belt & Road Summit in Hong Kong

 

The UAE’s trade and economic delegation, headed by H.E. Sultan Bin Saeed Al Mansouri, UAE Minister of Economy, will participate in the Belt and Road Summit, taking place from May 18 to 19, 2016 at the Hong Kong Convention and Exhibition Center in Hong Kong.

The high profile delegation from the UAE will be composed of senior government officials, including H.E. Juma Mohammed Al Kit, Assistant Undersecretary for foreign trade, UAE Ministry of Economy; H.E. Saed Al Awadi, Chief Executive Officer, Dubai Export Development Corporation; H.E. Hani Al Hamli, Secretary General, Dubai Economic Council; H.E. Fahad Al Gergawi, CEO, Dubai Investment Development; and H.E. Jamal Al Jarwan, Secretary General, UAE International Investors Council, along with a number of representatives from the federal and local entities and business leaders.

Launched by the Chinese President in 2013, the Belt and Road Summit offers a platform to discuss ways to achieve development goals and increase investment opportunities according to the framework of the Silk Road Economic Belt. On the sidelines of the conference, the UAE Minister of Economy will attend a number of bilateral meetings with senior officials of the Hong Kong and the Chinese Government.

H.E. Al Mansouri said: “The UAE values the importance of strengthening economic and trade partnerships and enhancing investment opportunities with Hong Kong. The volume of trade between the two sides is witnessing a steady growth with the UAE emerging as the Hong Kong’s largest trading partner in the Middle East. Nearly 60 per cent of Chinese exports to the region passes through the UAE.”

Elaborating further, the Minister emphasized the relevance of initiatives such as the Silk Road Economic Belt and Maritime Silk Road, which was recently launched by China. The initiative is aimed at creating direct impact on the international trade by opening up promising opportunities for developing economic cooperation among more than 60 countries throughout the Middle East, Asia, Europe and Africa. He added that Hong Kong and the UAE qualify to play vital roles in supporting these initiatives, owing to their financial and business representation.