HFZA engages with Chinese delegation to boost trade
Twenty nine members of the Membrane Industry Association of China visited the offices of the Sharjah Investment and Development Authority (Shurooq) on 12th December, 2016 and showed a great interest in investing in Sharjah, utilizing it as a gateway for their business and expansion plans. Their visit was arranged by the office of the China Council for the Promotion of International Trade (CCPIT) which is one of the most important and the largest institutions for the promotion of foreign trade in China.
Hamad Al Shamsi, Head of Sales at Hamriyah Free Zone Authority (HFZA), met with the visiting Chinese delegates and highlighted the unique position of HFZ that makes it an ideal destination for attracting Chinese investment, and also a key destination for all international investors willing to expand in the GCC markets in particular, and the Middle East, in general.
With more than 4,200 Chinese companies operating in the country, China is the top trading partner of the UAE. Currently, the value of Sharjah exports to China exceed AED 44 million, while Sharjah re-exports to China have reached AED 261 million in 2016.