Masdar has participated in the UAE-China Investment Opportunities Webinar, a virtual event organized by the UAE Embassy in Beijing, the China Chamber of Commerce for Import and Export of Machinery and Electronic Products (CCCME), and the Abu Dhabi Investment Office (ADIO).
Abdulla Balalaa, Director Sustainable Real Estate and Investment Management, Masdar City, gave a presentation on sustainable cities, highlighting how Masdar City has set standards for sustainable urban development. The City’s focus on environmental sustainability also makes good business sense, he explained to the webinar participants, with the carbon footprint for business tenants being 40 percent lower than for comparable “conventional” offices.
Established in 2008, Masdar City today is home to more than 820 businesses, providing a leading hub for innovation, research and development, and advancing real-world solutions in energy and water efficiency, mobility, artificial intelligence, and other areas.
The webinar also featured a welcoming speech by His Excellency. Dr Ali Obaid Al Dhaheri, the UAE Ambassador to the People’s Republic of China; with speeches from Zhang Yuijing, CCCME President, and HE Dr Tariq Bin Hendi, Director General of Abu Dhabi Investment Office.
Other presentations were given Khalid Ahmed Mohammed AlMarzooqi, Director of Commercial Activities, Khalifa Industrial Zone Abu Dhabi, and Yimin Zheng, Vice President, China Jiangsu International Economic and Technical Cooperation Group, Chairman of the Board, Jiangsu Provincial Overseas Cooperation and Investment Co., Ltd. Denise Du, Vice President of Zhejiang Jolly Information Technology Co., Ltd., also gave a presentation, followed by Steve Barnett, Executive Director of Business Development, Abu Dhabi Global Market, and Salvatore Lavallo, AgTech Sector Lead, Abu Dhabi Investment Office, who gave a presentation on agriculture technology.
The UAE is China’s most important trade partner in the Arab world and responsible for 28 per cent of total non-oil trade between China, the world’s second-largest economy, and the region. China and the UAE launched a US$ 10 billion fund in 2015, focusing on sectors of strategic importance.