Crown Prince Sheikh Mohamed bin Zayed arrived in China for an official three-day visit to the Nation. The Crown Prince and Deputy Supreme Commander of the UAE Armed Forces were greeted at the Beijing Capital International Airport with a welcome ceremony that included a traditional cultural display and a military presence.
On Monday, Prince Sheikh Mohamed will visit the Great Hall of the People where he will join President Xi Jinping and other senior officials for a meeting. The two leaders are required to find methods for developing co-operation between the two nations in different areas; they wish to discuss provincial and international matters of common interest.
The two leaders are going to witness the signing of ten deals in the areas of climate, economy, oil.
Prince Sheikh Mohamed is set to attend a joint monetary summit. Over 500 businessmen from the UAE and China will be attending the meeting as detailed by Dubai TV. He will be visiting a few colleges as well, where he will meet Emirati students.
The Abu Dhabi Crown Prince will work towards building a strong bond between the UAE and China’s planning good relationship and celebrate 35 years of agreeable ties, on Tuesday.
Prince Mohamed, during his last visit in 2015, he attended three days meeting to advance and improve the relations and co-operation between the two nations.
The visit had been “extraordinary” Sheikh Mohamed said, he also took out time to visit a some of the Nation’s most well-known milestones, including the Great Wall.
An expected 200,000 Chinese live in the UAE, for the most part in Dubai, in ventures going from development and oil to retail. There is additionally a small community of around 2,000 in Abu Dhabi.
On Sunday, the Chinese envoy the UAE said bilateral trade between the two nations expanded 6.2 per cent to $11.2 billion (Dh41bn) in the first quarter of this current year contrasted and a similar period last year. According to the international media.
A year ago, Mr Xi became the first Chinese president to tour the UAE in 29 years after he made a three-day trip to the Emirates.
That year, Chinese fares to the UAE just as imports from the UAE into China grew, expanding by 32.8 per cent to $16.26bn. China’s tariffs to the UAE likewise developed by 3.2 per cent to $29.66bn.
Prince Mohamed’s visit is expected to increase the business further with various arrangements that will expand on a $3.4bn bilateral trade investment agreement in April. That deal incorporated a $2.4bn venture from China to make a 5.57 million sq m storage and shipping station in Jebel Ali, to trade Chinese merchandise around the world.
The arrangement was a piece of China’s ‘One Belt, One Road’ activity propelled in 2013 in which the Nation is putting billions of dollars in foundation interest in countries situated along the old Silk Road connecting it with Europe. In the previous year, Chinese organizations have allegedly set around $15.6bn in ventures with a portion of the 125 nations that have joined hands in the plan — the majority of the six GCC nations, including the UAE.
Dubai and the UAE are the most recent expansion to Fang’s broad portfolio that spreads property posting in 658 urban communities and over 24 nations. Fang’s venture into the UAE is required to boost Chinese investment into Dubai’s real estate trade, which has developed faster over the years.