Sino-UAE: F&B, Clean Energy, Tourism & Finance | BELT & ROAD

"China is expected to play an important role in supporting the UAE's future energy mix strategy."

 

Florence Eid-Oakden, Ph.D., Chief Economist

Charlene Rahall, Mingqiao Zhao, Mengran Li, Analysts

Highlights include:

  • The UAE is China's most important non-oil trade partner among GCC countries, handling 60% of Chinese exports to other GCC countries, Iran, Africa and Europe.
  • A new joint venture Coffee Centre between China and the UAE presents an untapped potential for Chinese coffee beans in the local market and a new trade route to the global market via Dubai.
  • The UAE aims to increase the share of clean energy from near zero three years ago to 50% by 2050, and China is expected to play an important role in supporting their future energy mix strategy.

The Regional Views series are thematic papers aimed at identifying and analysing factors behind medium to long-term economic trends shaping the region. Our analysis draws conclusions that help businesses and investors get ahead of the curve. As a firm staffed by Middle Easterners, we focus on insight rather than standard analysis.

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