Chinese banker applauds Dubai’s
economic growth

Shaikh Maktoum exchanged views with the visiting Chinese guest on the overall economic and financial conditions, as well as regional and international efforts to restore confidence in the financial markets and banking sector, which have begun to recover and restore the world’s economy recovery.

The Chinese banker praised spectacular urban progress being witnessed by the UAE in general and Dubai in particular, compared to what he saw during his previous visit to the UAE three years ago, stressing the China’s confidence at the level of the UAE economy and banking sector.

Guo expressed interest of his bank in the UAE market’s booming, indicating that the bank will begin operational procedures for opening of a regional branch at the Dubai International Financial Centre (DIFC), particularly with existence of large number of Chinese companies operating in the UAE and are looking forward to providing services to China Construction Bank in the region as a whole.

For his part, Shaikh Maktoum welcomed the Chinese Banker and the delegation accompanying him, pointing out that the visit will usher in a new era of relations between the banking sectors in both countries.

He commended the location of China in the global economic map, stressing that the UAE in general and Dubai in particular are looking forward to furthering economic and financial cooperation with China in view of the fact that the People’s Republic of China is the second largest trading partner of the UAE.

The meeting was attended by Mohammed Ibrahim Al Shaibani, director of the Office of His Highness the Ruler of Dubai, Ahmed Humaid Al Tayer, Governor of the DIFC and Chinese Consul General in Dubai Gao Yuchen.