Abu Dhabi (WAM)
Institute of Economic Development – Abu Dhabi and Shandong Province, People’s Republic of China, signed a Memorandum of Understanding to strengthen cooperation and exchange experiences and information in the industrial sector and to improve investment opportunities in a way that achieves common interests and strengthens Abu Dhabi’s position. The Memorandum of Understanding was signed through Visual Communication Technology, on behalf of the Department, Rashid Abdul Karim Al Balushi, Deputy Secretary of the Department of Economic Development – Abu Dhabi, and on the Chinese side, Wang Xiao, Deputy Director General of the Department of Industry and Information Technology, in Shandong Province .
The Memorandum of Understanding provides for the establishment of a mechanism for the exchange of information with a view to strengthening industrial cooperation as well as the organization of visits by delegations and the holding of joint meetings. The Memorandum of Understanding aims to organize entrepreneurship education and management consulting programs in accordance with each Party’s needs and to develop cooperation and exchange of experience and training programs between companies operating in Shandong and Abu Dhabi. Rashid Abdul Karim Al Balushi said: “China is one of the largest partners in oil-free trade, especially in industrial exchange, as well as our efforts to push industrial growth and keep pace with technological developments in the light of the fourth industrial exchange. Revolution, which is one of the strategic goals of Abu Dhabi’s economy. ” Over the past year, the licenses of industry leaders in Abu Dhabi have experienced a marked growth that has increased by 17% compared to 2020, while the number of new factories increased by 15% in the same period, reflecting the demand from investors, the attractiveness of the sector and the effectiveness of regulations, policies and incentives launched by the Abu Dhabi economy. “in this context.