Chinese manufacturer Dalipal Holdings has signed a 25-year land lease with King Salman Energy Park in Saudi Arabia. The company plans an overall investment ambition of approximately $2.1 billion to build a smart manufacturing facility for energy equipment. The site will produce seamless steel pipes, oil country tubular goods, and hydrogen transmission pipelines.
UAE Presidential Special Envoy Khaldoon Khalifa Al Mubarak met Chinese Foreign Minister Wang Yi in Beijing on October 13, 2026. The officials reviewed bilateral economic ties and agreed to expand cooperation in trade, investment, industrial development, and advanced technologies. The meeting was also attended by UAE Ambassador to China Hussain bin Ibrahim Al Hammadi alongside senior officials.
BI Group has entered into an agreement with Citic Middle East Contracting, a subsidiary of China's Citic Construction Co, to collaborate on three upcoming real estate developments in Dubai. The agreement sets a framework for Citic's proposed role as the main construction contractor, covering early-stage design, value engineering, and project execution.
UAE Presidential Special Envoy Khaldoon Khalifa Al Mubarak met Chinese Foreign Minister Wang Yi in Beijing to review the Comprehensive Strategic Partnership. The officials discussed expanding cooperation across priority economic and industrial sectors, including bilateral trade and investment initiatives. The meeting was attended by UAE Ambassador to China Hussain bin Ibrahim Al Hammadi and senior officials.
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