His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, and Chairman of the Presidential Court, led the UAE delegation during the first meeting of the UAE-China Investment Cooperation Committee. The meeting was held virtually on Monday. Senior officials from both nations joined the session to discuss deepening strategic investment ties.
In his opening remarks, Sheikh Mansour conveyed the greetings of President His Highness Sheikh Mohamed bin Zayed Al Nahyan to Chinese President Xi Jinping. He extended his congratulations to the Chinese side on the occasion of the Lunar New Year. He described the meeting as a significant milestone in the longstanding strategic partnership between the UAE and China, also emphasized fruitful collaboration across sectors including economy, investment, energy, and technology.
Highlighting the growing strength of the relationship, Sheikh Mansour noted that bilateral trade reached $102 billion in 2024. This marked a 7% increase from the previous year. It also marked the 40th anniversary of diplomatic relations between the two nations. He also praised China’s commitment to reinforcing economic partnerships with the UAE.
During the meeting, officials announced the renewal of the UAE-China Joint Investment Fund, first launched in 2012. The fund has supported numerous impactful projects and will continue to serve as a vital platform for advancing joint initiatives.
Several new agreements and memoranda of understanding were signed. They covered cooperation in energy, advanced industries, the digital economy, and emerging technologies. The UAE-China Investment Cooperation Committee’s General Secretariat presented updates on ongoing collaborations. Committee members and institutional representatives reviewed developments in key sectors.
Sheikh Mansour reaffirmed the UAE’s commitment to supporting China’s Belt and Road Initiative. He committed to increasing bilateral trade to $200 billion by 2030. He stressed the importance of collaboration in the energy sector to ensure sustainability and security.
Key Emirati officials in attendance included Minister of Investment Mohamed Hassan Al Suwaidi, Minister of Industry and Advanced Technology Dr. Sultan Ahmed Al Jaber, Minister of State for Foreign Trade Thani bin Ahmed Al Zeyoudi, and Khaldoon Khalifa Al Mubarak. He is the Managing Director and Group CEO of Mubadala. The Chinese delegation included senior figures from the National Development and Reform Commission, People’s Bank of China, China Securities Regulatory Commission, China Investment Corporation, and China Development Bank.
