Author: Mehak Srivastava

Following an investment cooperation agreement concluded last year, Abu Dhabi Ports and the Jiangsu Provincial Overseas Cooperation and Investment Company Limited (JOCIC) announced that 15 Chinese companies have signed agreements to invest in Khalifa Port Free Trade Zone (KPFTZ), the largest free zone in the Middle East, totalling $1bn in value. Under the terms of last years’ agreement, China-UAE Industrial Capacity Cooperation (Jiangsu) Construction Management Co., Ltd., a UAE company established by JOCIC, would occupy and develop approximately 2.2sqkm of the free trade zone for companies from the Chinese province of Jiangsu. This area, now dubbed as the China-UAE Industrial Capacity Cooperation Industrial…

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