The China Effect — by Abdullah Al Ajaji

In fact, China is the number one trade partner of the UAE. Currently, there are 4,200 Chinese firms based in the UAE, and the Chinese already represent around 10% of Dubai’s population — up from 2% in 2006. This is a staggering number that tends to be overlooked.

One of the most promising global initiatives is the “One Belt, One Road” plan which aims to connect China with 69 other countries through several trade and infrastructure programs. Combined, these nations represent 60% of the world’s population, and 40% of the world’s GDP.

The “One Belt, One Road” initiative and the visa-on-arrival option for Chinese tourists visiting the UAE have significantly improved the sentiment of the Chinese towards this growing market here in the UAE.