Chinese firms forge ties with UAE as Gulf nation acts as ‘superconnector’ in global trade

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Chinese firms forge ties with UAE as Gulf nation acts as ‘superconnector’ in global trade - SCMP

Quick Summary:

China’s growing heft in innovative industries is driving partnerships with the UAE, HSBC’s country head says.

Chinese solar photovoltaic manufacturers are doubling down on the UAE and the Middle East to cater to local demand and serve as gateways to US, European and other markets.

In the renewable space alone, Chinese companies are involved in almost 50 per cent of the projects currently in progress in the UAE, according to Al Marzooqi.