Machinery, materials, industrial development and supply chains
The board of UAE-based Shree Global FZE has approved the incorporation of a wholly owned subsidiary in China named Shree International Trading (Shanghai) Limited. The new entity will hold an authorised capital of RMB 5 million to support import, export, and trading of industrial equipment. India's Shree Cement Limited will maintain 100% indirect equity ownership through its UAE holding.
Dubai is seeking to attract more Chinese manufacturing companies to increase the manufacturing sector's share of its economy to approximately 20%, Dubai Chambers Chairman Sultan Al Mansoori said. In an interview on the sidelines of the Dubai Business Forum in Shenzhen, Al Mansoori noted the share currently stands between 9% and 11%. Bilateral non-oil trade reached Dh363.5 billion in 2025, and active Chinese member companies in the Dubai Chamber reached 6,650 by September 2026.
GulfHost returns to the Dubai World Trade Centre from 3 to 5 November 2026 to connect international equipment manufacturers with Middle East foodservice and hospitality buyers. The region's hospitality market was valued at an estimated USD 310 billion in 2025 and is projected to exceed USD 487 billion by 2032. Exhibitors from major manufacturing hubs, including China, the UAE, Italy, France, and the United States, will present commercial kitchen, automation, and energy-saving technologies.
China's five largest solar module manufacturers eliminated 40,589 jobs in 2025, shrinking their aggregate workforce by 21% as severe industry overcapacity continued. The contraction follows a 31% workforce reduction in 2024, leaving total staffing down by roughly half across two years. Operating losses have deepened amid price drops and domestic market reforms, while export volumes fell 10% in the first eight months of the year.
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