Dubai Chambers Chairman Sultan bin Saeed Al Mansoori stated that Chinese tech systems will play a key role in expanding Al Maktoum International Airport. The $34.9 billion project aims to incorporate Chinese operational expertise in passenger processing and automation. The airport's expansion targets an eventual capacity of 260 million passengers and 12 million tonnes of cargo.
Abu Dhabi sovereign investor Mubadala Investment Company plans to accelerate its investments in China by 15% to 20% annually over the coming years. Managing $385 billion in global assets, the fund has deployed over $20 billion in China since 2015. The strategy focuses on concentrated investments in life sciences, energy transition, infrastructure, and technology.
UAE-based Gargash Prime and JINGDONG Property, the infrastructure arm of China's JD.com, signed a joint venture memorandum of understanding to develop a 2.5 million square foot logistics facility in Dubai. Signed during the Dubai Business Forum – China in Shenzhen, the hub aims to support regional supply chain operations across the Middle East.
Dubai-based Mashreq Bank has priced its debut three-year senior unsecured Dim Sum bond at CNH 1 billion ($149.3 million) with a fixed coupon of 2.50%. The offering marks the lender's first public issuance in the offshore Chinese renminbi market and reached peak order books of CNH 2.3 billion. Bank leadership stated that the transaction strengthens capital market linkages between the UAE, China, and Hong Kong under the Belt and Road Initiative.
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