Facebook Twitter Linkedin Youtube RSS
Eye of Dubai
Monday, June 17, 2019
Sign up for newsletter:
Advertise with us
℃ Dubai   
| Register | Login
Image Verification
Business & Money NEWS
Business & Money is sponsored by:
Posted on: Monday 15 April, 2019 3:22 pm
Dubai hosts inaugural edition of The Big C Forum

Hala China, in collaboration with the global Chinese company Samanea, today hosted The Big C Forum, aiming to build a platform for Chinese businesses to connect with government entities and companies in the UAE.

Sheikh Majid Al Mualla, Chairman of the Board of Directors at Hala China, officially opened the strategic event, held at Jumeirah Emirates Towers in Dubai. The forum drew the participation of more than 600 Chinese investors and entrepreneurs as well as businesses and government entities from the UAE, including the Ministry of Cabinet Affairs and the Future, the Prime Minister’s Office, Dubai Land Department (DLD), and the Dubai Investment Development Agency (Dubai FDI).

Highlighting the opportunities for Chinese SMEs to embrace Dubai’s digital transformation as a means to expand their market share in the Middle East, the event also examined new developments on Dubai’s retail landscape, particularly the growth of the e-commerce industry. 

According to Fitch Ratings, the value of the UAE’s e-commerce sector is expected to reach US$17.8 billion by 2020, accounting for 45.6 per cent of the total market value in the Middle East. 

Speaking at the event, Sheikh Majid Al Mualla said: “The Big C Forum offers an essential platform for Chinese SMEs and other entities in Dubai to explore mutually beneficial business synergies. Our collaboration with Samanea builds on Hala China’s efforts to strengthen Dubai’s commitment towards the Belt and Road Initiative. We are confident that the event will open new avenues for reinforcing trade ties between China and Dubai.”

During the forum, Hala China and Samanea signed a memorandum of understanding (MoU) to establish a strategic framework to provide Chinese companies with a deeper understanding of Dubai’s forward-looking trade policies and infrastructure. Headquartered in Singapore, Samanea supports small businesses through hosting them in professional trade centres in key markets that offer marketing, logistics, financial and networking opportunities. 

As an immediate outcome of the MoU, Chinese entities, including Yiwu Small Commodity City, Zhongshan Lighting and Midea Electric, signed letters of intent (LOI) to partner with Samanea. 

Launched in 2018, Hala China seeks to explore opportunities to facilitate economic development in Dubai and China through tourism, trade and investment. The initiative has partnered with several key government entities and companies in the UAE and China to organise events such as Chinese Film Week in Dubai, the China and Arab Intercity Culture and Tourism Forum, and a special China-focused edition of Design Days Dubai.

Print this Article
comments powered by Disqus
Eyeofdubai Autos
Book Hotels
Our Sponsors
  • Mobily
  • Emirates Airline
  • Saudi Arabian General Investment Authority
  • Alsorayai Group
  • Emaar
  • HP
  • Council of Saudi Chambers
  • Lomar
  • Emirates NBD
  • du
  • Dubai Chamber
  • Dubai Tourism
  • Microsoft
  • Riyadh Chamber of Commerce
Eye Of Dubai
Islamic Date Converter Close
Gregorian Calender
Month Day Year
Hijri/Islamic Calender
Month Day Year
Day of the Week:

World Time Close
Unit Converter Close
Kindly select the desired Values & Units:
Forgot Your Password Close
We will send an email to your inbox to clear things up
Username or Email
* Mandatory fields / Error alert
Track Shipments Online Close
Enter Aramex AWB number
Enter DHL AWB number
Enter Fedex AWB number
Enter TNT AWB number
Enter UPS AWB number
Daily Newspaper Close