RIYADH: A power and energy equipment manufacturing park is set to be developed in Dubai after a memorandum of understand was signed with Hong Kong Tinkam Capital.
The partnership with Dubai Multi Commodities Centre aims to attract upstream and downstream Chinese companies across the industry’s value chain, including businesses involved in advanced manufacturing, green technology and energy, according to a statement.
China remains the UAE’s largest trading partner, with trade between the countries reaching about $90 billion in 2024 and totaling nearly $50 billion in the first half of 2025, up 15.6 percent from the same period a year earlier, according to the UAE Ministry of Economy and Tourism.
Under the agreement, DMCC and Hong Kong Tinkam Capital will identify investment opportunities, engage prospective companies, exchange expertise and support projects connected with Dubai’s industrial and energy sectors.
“China remains one of DMCC’s most important strategic markets, with more than 1,000 Chinese companies now operating from our district and registrations growing at double-digit rates over the past five years,” said Ahmad Hamza, chief free zone affairs officer at DMCC.
