Despite uncertainty over China’s long-term regional ambitions, the UAE’s need for investment at a time of decreasing oil prices means has rolled out the red carpet
Camille Lons Wednesday 25 July 2018
The UAE rolled out the red carpet last week for Chinese President Xi
Jinping, marking the first visit of a Chinese leader to the country in
three decades.
At a time when China’s increased footprint in the
Middle East has come under the spotlight, the two countries announced
the signing of 13 agreements in various sectors, including energy
cooperation.
“We have many areas of political and economic
agreement and a solid base of projects in the energy, technology and
infrastructure sectors,” Dubai ruler Sheikh Mohammed bin Rashid Al
Maktoum wrote on Twitter on Friday.
“More importantly, [we have] a strong political will to start a greater phase of cooperation and integration.”
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