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on september 13, with the opening of the uae national pavilion at the 2024 china international fair for trade in services, the uae embassy in china, beijing council for the promotion of international trade, and chaoyang district government jointly held the "uae-beijing economic forum" as part of the "celebration of the 40th anniversary of the establishment of diplomatic relations between china and the uae" series of activities. the forum, with the theme of "forty years of common prosperity", focused on advanced manufacturing, artificial intelligence, finance and other industries, served private technology companies in exploring overseas markets, and built a two-way promotion platform for trade and investment between beijing and the uae.

well-known uae companies and institutions such as the abu dhabi department of culture and tourism, dubai economy and tourism, al foah, halawa, emirates airlines, etihad airways, yahsat, emirates global aluminium (ega), borouge, mubadala and first abu dhabi bank fully displayed the brilliant achievements of many key industries such as business, communications, manufacturing, finance, aviation, culture and tourism in the uae national pavilion, fully demonstrating the vigorous vitality and diversified development of the uae economy.

khalid shah, charge d'affaires of the uae embassy in china, said: "we are honored to participate in the china international fair for trade in services on the occasion of the 40th anniversary of the establishment of diplomatic relations between the uae and china, which once again demonstrates our firm commitment to building a strong and sustainable economic partnership between our two countries." he said that the uae national pavilion demonstrated great potential in key industries and showed that the country is actively seeking to establish new business partnerships to promote common prosperity and development between the two sides.

at the forum, beijing council for the promotion of international trade promoted the full use of the hi-tech expo platform to serve private technology companies in their "going global" activities. representatives from high-end intelligent car robot company jiyue automobile and energy digitalization company enchain united introduced their core advantages and future cooperation visions in detail. more than 100 representatives of private technology companies in beijing had face-to-face exchanges with representatives of foreign institutions and companies to explore a new situation of deep complementarity and highly win-win cooperation in the fields of new energy, artificial intelligence, and financial cooperation.

wang jingchuan, director of the investment promotion department of beijing municipal council for the promotion of international trade, said that the council has organized relevant matchmaking activities for the abu dhabi investment authority, dubai investment authority and sharjah investment department since this year. the dubai business forum, which just ended not long ago, also achieved very good results. through such matchmaking activities, nearly a thousand beijing companies have been attracted to participate. both sides have a strong desire to cooperate, and it feels like a "two-way rush".

this year marks the 40th anniversary of the establishment of diplomatic relations between china and the uae. the comprehensive strategic partnership between the two countries has also entered a new stage, with significant developments in key areas such as politics, economy, and culture. the uae has become china's largest non-oil trading partner in the middle east and north africa, with non-oil trade between the two sides reaching $82 billion in 2023. it is expected that by 2030, the trade volume between the two countries will reach $200 billion. according to statistics, the uae absorbs 47.7% of china's total investment in arab countries, while the uae's investment in china accounts for 33% of the total investment of arab countries in china.

text/beijing youth daily reporter li jia

editor/peng xiaofei