"This dynamic investment fund will serve to further strengthen and deepen the strategic and economic relationship between China and the United Arab Emirates", said His Excellency Xi Jinping, President of the People's Republic of China.
Dubai ports operator DP World DPW.DI will invest $1.9 billion in China, according to the Twitter account of the Crown Prince of Abu Dhabi. The two sides also exchanged ideas that could boost joint economic and investment co-operation with the aim of establishing economic and developmental partnerships that benefit the two countries.
President Xi Jinping met with Crown Prince of Abu Dhabi Sheikh Mohamed bin Zayed on Monday, and they pledged to boost practical cooperation within the framework of the Belt and Road Initiative.
"China is ready to speed up policy and project alignment with the UAE", Xi said, stressing industrial cooperation in energy, infrastructure, trade and investment, and astronautics.
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The side have been drawn with Portugal, Iceland and Hungary and in truth Austria are more than capable of winning Group F. Iceland begin their campaign against Hungary in Marseille on June 18.
"China will learn a lot about investing and exploring foreign markets through cooperating with the UAE, and from its financial expertise", said Xue Qingguo, a professor of Arab studies at Beijing Foreign Studies University.
The MoU will also seek research, industrialisation, and commercialisation of projects in areas such as waste and water treatment, resource recycling, advanced materials, renewable energy intelligent systems, biotechnology applications in energy, robotic technology, and building/construction technology.
He reaffirmed that China has a huge regional and worldwide influence, and plays a constructive and positive role in serving issues of global security, peace and stability.
Shaikh Mohammed then proceeded to the Commercial Aircraft Corporation of China, Ltd. (Comac), a Chinese state-owned aerospace manufacturer established in 2008 in Shanghai, where company officials informed him that the government-owned corporation is a designer and constructor of large passenger aircraft capacities of over 150 passengers. Mohamed and Li held talks earlier on Monday.
