UAE flag flies over a boat at Dubai Marina
IBTimes US

China's Ministry of Commerce (MOFCOM) announced on Monday that the next China-Arab States Expo will be held from Sept. 21 to 24 in Yinchuan, which is the capital of the Ningxia Hui Autonomous Region, China. The four-day event will be attended by 14 Arab countries and more than 60 foreign businesses and associations

The China-Arab States Expo serves as an international trade and economic cooperation platform to enhance economic and cultural ties between China and the Arab countries including United Arab Emirates (UAE).

This will be the sixth China-Arab States Expo, which is expected to attract more than 10,000 participants. This event will also mark the 10th anniversary of the China-proposed Belt and Road Initiative (BRI).

"The 6th China-Arab States Expo is celebrating its 10th anniversary this year, which coincides with the 10th anniversary of the Belt and Road Initiative, making it of great significance," Wang Li, a senior official from Ningxia said, GlobalTimes reported.

He continued, "Through a number of official and business exchanges between China and Arab countries in the past few years, both sides have reached a consensus to further enhance cooperation in key sectors such as technology, automobiles, and energy."

Whereas, the event will include 670 Chinese businesses. The expo has already attracted more than 130 projects worth $11.5 billion.

The area of the exhibition will be 40,000 square meters, where trade, energy, and infrastructure-related projects will be showcased. The Chinese Ministry of Commerce also disclosed that Saudi Arabia will be the guest of honor this year.

Considering the trade between China and Arab countries, the bilateral trade reached $200 billion in the first half of 2023.

During the expo, the participants get an opportunity to showcase their services, products, and investment opportunities that will lead to potential business collaborations and deals. The event also consists of business forums, cultural performances, and other activities to encourage exchange between communities.

UAE has been actively encouraging foreign activities as well as uplifting its own people in the field of technology.

Last month, Dubai's Department of Economy and Tourism (DET) conducted a multi-faceted pan-European engagement program in order to display the city's value proposition for the global technology industry.

The two-week engagement program was attended by more than 200,000 global tech professionals aside from several UAE's technology and business leaders including Minister of State for Artificial Intelligence, Omar bin Sultan Al Olama.

UAE is also training its government employees with Artificial Intelligence as it upskilled more than 170 government employees in Dubai with Generative AI.