A UAE official delegation led by Hasan Jasem Al Nowais, Undersecretary of the Ministry of Industry and Advanced Technology (MoIAT), is participating in the China International Industry Fair (CIIF) 2026 in Shanghai. The delegation includes representatives from MoIAT alongside UAE entities such as Emirates Development Bank, Abu Dhabi Investment Office, Ras Al Khaimah Economic Zone (RAKEZ), EDGE Group, Emirates Global Aluminium, and Aldar.
The mission focuses on advancing cooperation in advanced technology, smart manufacturing, and industrial investment. The delegation's itinerary includes tours of exhibition pavilions, meetings with Chinese companies, and visits to factories specializing in robotics, automation, and smart manufacturing to explore technology transfer and promote UAE industrial opportunities.
Separately, Abu Dhabi sovereign wealth fund Mubadala Investment Company announced plans to increase its Chinese investments by 15% to 20% annually over the coming years. Mubadala Chief Executive Khaldoon Al Mubarak confirmed the strategy in Beijing, highlighting a selective focus on larger transactions across priority sectors including life sciences, energy transition, infrastructure, and technology.
Mubadala, which manages $385 billion in total assets, has deployed more than $20 billion in China since 2015. The sovereign fund also plans to double its local team on the ground in China following recent transactions, including an investment involving Luckin Coffee valued at approximately $1 billion.
Sources
- TradeArabia · 2026-10-14
