The inaugural Big C Forum witnessed the signing of a Memorandum of Understanding (MoU) between Dubai-based holding company Meraas and Singapore-based Chinese company Samanea Group that will see the launch of an AED1 billion mall by Q2 2021 near Dubai International City. Six key Chinese manufacturers and businesses also signed the letter of intent. Samanea Group is to develop the 570,000 sq. ft. retail outlet, which will focus on home appliances and furniture from small, medium and big Chinese businesses seeking a foothold in the GCC market. The mall will also hold space for 1,800 parking spaces. The event was attended by His Highness Sheikh Hasher bin Maktoum bin Juma Al Maktoum, Director General of Dubai Information Department – the special Guest of Honour, who witnessed the hive of bilateral business activity initiated by Hala China.
At the event, Her Excellency Tan Li, Acting Consul-General of the People’s Republic of China in Dubai, said, “In recent years, both China-UAE and China-Dubai relations have developed very fast. Among the Middle East countries, the UAE has conducted the most in-depth and fruitful cooperation with China. In 2018, China was Dubai’s largest trade partner for the fifth consecutive year, with bilateral trade reaching US$37.9 billion. The ‘Hala China’ programme launched last year, built a platform for the cooperation between China and Dubai in economy, trade, investment, tourism and culture.”
The forum provided Chinese companies with a deeper understanding of Dubai’s forward-looking trade policies and infrastructure. Headquartered in Singapore, Samanea Group supports small businesses through hosting them in professional trade centres in key markets that offer marketing, logistics, financial and networking opportunities. The forum gathered more than 600 Chinese investors and entrepreneurs in Dubai, where Sheikh Majid Al Mualla, Chairman of Hala China Board of Directors, officially opened the event. K C Zhang, President of Samanea Group, delivered a speech on the ‘New Concept and New Time’ era in the Middle East, focusing on customer demands.