Machinery, materials, industrial development and supply chains
Dubai-based Mashreq Bank has injected USD 125 million into its Hong Kong arm to expand cross-border financial services for Chinese firms and Middle Eastern investors. Concurrently, Chinese EV giant BYD is accelerating GCC capital investment in partnership with Al-Futtaim, operating 10 regional showrooms across the UAE and Saudi Arabia.
Ras Al Khaimah Economic Zone (RAKEZ) and AJT Holding International Limited have signed a memorandum of understanding in Fuzhou, China. Under the agreement, AJT Holding will invest an additional $50 million to expand its manufacturing and logistics facilities in Ras Al Khaimah. The expansion will be executed through AJT Printing and Packaging FZ-LLC, a joint venture between China's Jihong and BMJ Industries.
Adipec is set to convene a record 2,260 exhibiting companies and over 239,000 attendees from more than 170 countries at the Adnec Centre Abu Dhabi. Discussions will focus on energy security, artificial intelligence investment, and infrastructure financing, with Asia sending its largest-ever delegation. Commercial partnerships remain central following Adnoc's Dh60 billion manufacturing initiative for local suppliers and $53 billion in deals signed at the previous edition.
Sultan Haitham bin Tarik of Oman has departed on an official state visit to China following an invitation from Chinese President Xi Jinping. The bilateral agenda focuses on expanding investment in energy, logistics, and manufacturing after bilateral trade exceeded $25 billion in 2025. Discussions also aim to accelerate negotiations on the China-GCC comprehensive free trade agreement.
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