Wednesday, July 25, 2018

China and the Middle East: Why the UAE is deepening ties with Beijing

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.”