News

China–UAE News

Dubai Business Forum in Shenzhen Explores Bilateral Investment and Technology Partnerships

The Dubai Business Forum – China concluded in Shenzhen, bringing together 854 Chinese investors and 112 Dubai delegates. Official figures revealed non-oil bilateral trade expanded by nearly 23% between 2024 and 2025, while Chinese FDI into Dubai rose to over AED 3.4 billion. Dubai Chambers also highlighted initiatives including its Agentic AI transformation programme for private enterprises.

Industry News

ACWA Power Explores 4.5GW Mongolian Renewable Project for Power Exports to China

Saudi utility developer ACWA Power has signed a cooperation memorandum with Mongolia's Sun Step Power to assess a renewable energy venture targeting power exports to China. The initiative outlines a target generation capacity of 4.5GW alongside a 500MWh battery storage system. The agreement includes evaluating the development of wind, solar, and cross-border electricity transmission infrastructure.

Industry News

Dalipal Holdings Inks Deal for US$600 Million Facility at Saudi SPARK

Hong Kong-listed Dalipal Holdings finalized a 25-year lease for a 1,030,916-square-meter site at King Salman Energy Park in Saudi Arabia. The agreement initiates Phase 1 of an energy equipment base with approximately $600 million in committed capital expenditure toward a planned $2.1 billion total investment. The plant will produce seamless steel pipes, OCTG, and hydrogen pipelines to serve the Gulf and Middle East.

Industry News

China Launches Direct Shipping Line Linking Taicang Port and Saudi Jeddah Port

China has inaugurated a direct maritime cargo route connecting Jiangsu province's Port of Taicang with Saudi Arabia's Jeddah Islamic Port. The dedicated service bypasses intermediate transshipment hubs, saving two to three weeks of transit time. Bilateral trade between the two countries reached $108.2 billion in 2025, alongside significant crude oil shipments.