UAE and China Strengthen Strategic Partnership with New Agreements on Investment, Technology, and the Belt and Road Initiative
Sheikh Mohamed visited Beijing on Thursday as the president. UAE signed multiple deals with China to enhance cooperation in vital fields including investments, the Belt and Road Initiative (BRI), industry and technology, and tourism. These accords amount to milestone towards boosting the strategic partnership among nations. In addition, the two countries agreed to spur investment cooperation in green development as reported by the State news agency WAM. This decision is in line with UAE’s wider strategy of enhancing relations with China, the second largest economy in the world. The UAE is already China's largest trading partner in the Arab world according to the data available, and trade and investment span various sectors such as crude oil, petrochemicals, and artificial intelligence. In 2022, the non-oil bilateral trade between China and UAE accounted for Dh264.2 billion ($72 billion). The collaboration of this is still largely manifested in the Belt and Road Initiative (BRI) l...