Chinese automaker Chery aims to have more than half of its export vehicles manufactured outside China by the end of this year, rising to 70% by 2030. The localization drive was outlined by Executive Vice President Zhang Guibing alongside planned infrastructure investments in Europe and Asia. Chery also announced plans to launch its first autonomous taxi service in the UAE next year.
RAKBANK Group CEO Raheel Ahmed highlighted Ras Al Khaimah as a commercial gateway for Chinese firms following a high-level UAE delegation visit to China. The bank operates a dedicated Chinese department serving around 2,500 Chinese clients, offering fast-tracked account opening and integration with Alipay and WeChat.
GCC Secretary General Jasem Mohamed Albudaiwi met with China's Vice Minister of Commerce Li Chenggang in Doha to review ongoing Free Trade Agreement negotiations. Both sides reviewed technical working group progress and emphasized addressing trade obstacles to accelerate signing. The pact is intended to boost trade and investment flows between China and GCC member states, including the UAE.
Foreign direct investment inflows into GCC economies grew 18% in 2025 to $99 billion, with the UAE securing approximately $48 billion, according to UN Trade and Development. Concurrently, Chinese and UAE officials met in Beijing to align long-term strategic plans following record bilateral trade and surging Gulf sovereign investments.
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