The construction of China-UAE Industrial Capacity
Cooperation Demonstration Zone is nonstop
Under the guidance of the Department of Foreign Captial and Overseas Investment of National Development and Reform Commission(NDRC)，Jiangsu Provincial Overseas Cooperation and Investment Company (JOCIC) held a webinar recently with Khalifa Industrial Zone (KIZAD) in United Arab Emirates(UAE) to attract more Chinese enterprises to invest in China-UAE Industrial Capacity Cooperation Demonstration Zone. The webinar attracted more than 300 business representatives.
The China-UAE Industrial Capacity Cooperation Demonstration Zone is located in Abu Dhabi's Khalifa Industrial Zone. In July 2017, the cooperation agreement of the Zone was officially signed. At present, eight manufacturing projects have been signed with an estimated investment of 340 million yuan. By the end of this year, the Zone will build a total of 80,000 square meters of buildings, 8.5km roads and pipes with a total investment of nearly 800 million yuan. The total investment will exceed 10 billion yuan after the completion of its 2.2 square kilometer initiating zone.