Wednesday, April 27, 2011

Dubai Silicon Oasis to Participate in Inaugural Dubai Business Opportunity Forum in China



DTCM-CCPIT Open Doors to Potential Chinese Investment in Dubai

Dubai–UAE: 27 April, 2011 - Dubai Silicon Oasis (DSO), the integrated free zone technology park, today announced it will showcase its cutting edge facilities for companies looking to set up offices in the Middle East and Africa region during its participation at the first 'Dubai Business Opportunity Forum - Reach the World in Dubai’ in China.
Organized by the Dubai Department of Tourism and Commerce Marketing (DTCM) with the support of the China Council for Promotion of International Trade (CCPIT), the event will be held from 28 - 29 April on the sidelines of the fifth Chinese Enterprises Outbound Investment Conference at Beijing in China.
An annual forum, the Chinese Enterprises Outbound Investment Conference (CEOIC) encourages enterprises in the country to participate on the global marketplace and promote their overseas investments. Parallel seminars focusing on different industry sectors and countries (or regions) are set up during the event.
'Dubai Business Opportunity Forum - Reach the World in Dubai’ will attempt to offer information on Dubai’s investment policy, safety, risk factors and opportunities to potential investors. It will also aim to establish viable business leads while providing a platform for free zones in the emirate to showcase their offerings.
The event will gather a targeted audience of ambassadors from GCC countries, media, as well as Chinese government officials and prominent leaders from the industrial sectors.

Adnan Al Bahar, Vice President Marketing and Corporate Communications at Dubai Silicon Oasis Authority (DSOA), said: “China is a recognized leader in technology whereas DSO provides unmatched state-of-the-art facilities that supports for Hi-tech companies and research & development. We strongly believe that a partnership between leading technology enterprises in China will offer mutually beneficial outcomes.”

“DTCM and CCPIT have provided a strategic platform to explore the huge potential opportunities that lie in this relatively unexploited region of trade between China and Dubai. Since the forum gathers key decision makers from the public and private sector, we look forward to showcasing the DSO value proposition at the event. We are sure the event will help build fruitful relations and attract investments.
China’s overseas investment surpassed US$32 billion in 2010.  The consulting group McKinsey predicts that by 2020, total trade flows between China and the Middle East will climb to between US$350 billion and US$500 billion, with China-GCC trade accounting for much of that run-up.
Wholly-owned by the Government of Dubai, DSO operates as a free zone for companies producing semiconductors, microelectronics, and other high-tech products seeking to establish regional headquarters and centres of research and development in the Middle East and Africa.

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