Chinese companies to invest in high-tech technology, clean energy and diamond trading

Khaled bin Mohamed bin Zayed meets business leaders at Investment Forum and Climate

The Crown Prince of Abu Dhabi visited the startup zone at the Investment Forum and witnessed part of the activities of the first session of the UAE Climate Technology Forum. WAM

H.H. Sheikh Khalid bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, attended the 12th edition of the Annual Investment Meeting (AIM), which is being held for the first time in the emirate under the patronage of His Highness at the Abu Dhabi National Exhibition Centre (ADNEC).

During the visit, His Highness met with a group of decision-makers, business leaders, investors and representatives of local and international institutions and companies specialized in smart city services and advanced technological services.

Inspection Tour

His Highness inspected the Smart City pavilion, which is a model for future cities based on three pillars of sustainability, including social, environmental and economic aspects.

His Highness' tour included a visit to the pavilion of the Department of Economic Development in Abu Dhabi, where he listened to an explanation of the plans of unicorns, worth a total of four billion dollars, to explore investment opportunities and establish their operations in Abu Dhabi.

His Highness also visited the startups and SMEs Zone, which is attended by 190 companies from 80 countries under the umbrella of Hub71, the global technology ecosystem in Abu Dhabi.

«Climate Forum»

His Highness Sheikh Khalid bin Mohamed bin Zayed Al Nahyan also witnessed part of the activities of the first session of the UAE Climate Technology Forum. During his inspection tour of the accompanying exhibition, His Highness met with a number of local and international companies, and was briefed on the qualitative solutions they provide to support decarbonization efforts. His Highness visited the zones dedicated to climate neutrality, alternative energy, innovation and sustainable production, artificial intelligence and digitization.

Chinese Companies

In addition, officials in Chinese companies confirmed their intention to invest in new projects in the UAE, targeting three main sectors: advanced technology, clean energy and diamond trading. During their participation in the Annual Investment Meeting 2023, they said that the aim of injecting new investments is to expand the scope of their companies' business and increase their investments in the Middle East, describing the investment climate in the UAE as attractive to companies and foreign capital.

Zhang Longdong, director of Sharp Light, confirmed that more than 30 Chinese companies from the Schengen province participated in the forum to explore investment opportunities in various sectors, pointing out that advanced technology in the UAE is one of the main sectors that Chinese companies pay great attention to.

For his part, the director of Breton, Dong Fang Ming, confirmed the company's intention to build a new renewable energy industrial park in the UAE with investments of about two billion dollars, with the aim of investing in electrical machinery and photovoltaic industries, specifically in the most advanced solar cells.

Liu Wangxia, owner of Kiwi Star, said Chinese companies aim to strengthen cooperation with the UAE as a regional diamond and jewellery hub.