UAE-China Entrepreneurs Forum to strengthen startup eco-system

UAE and Chinese entrepreneurship and start-up associations sign series of agreements with Chinese counterparts to boost cross-border cooperation in technology, AI, Robotics and investment

- Staff Reporter, Gulf Today

UAE-China Entrepreneurs Forum that started on Saturday in Shanghai, is expected to help double the UAE-China bilateral trade from $IO1.8 billion in 2024 to $200 billion by 2030, driven by technology, innovation, Startups, Artificial Intelligence, Robotics and Machine Learning.

More than 60 Chinese startups working in advanced technology sectors participated at the UAE-China Entrepreneurs Forum alongside a distinguished group of leaders and experts from both countries. The Forum conducts high-level discussions on the future of innovation and industry, and joint opportunities in artificial intelligence, fintech, sustainability, and advanced manufacturing, reflecting the growing momentum of technological cooperation between the UAE and China.

The event is spearheaded by Emirates Entrepreneurs Association and Vertix Holdings and supported by the UAE Consulate General in Shanghai, China, as well as various Chinese entrepreneurship and startup bodies.

Bilateral trade between the UAE and China grew from $80 billion in 2023 to $IO1.8 billion in 2024, supported by strong investment, visa-free access, and Belt and Road Initiative links. This is projected to exceed $200 billion by 2030, driven by non-oil sectors like technology, innovation, Al, Robotics, Startups, renewable energy, and growing Chinese demand for UAE energy and petrochemicals.