Deals worth $112 million concluded at 2nd Chinese Commodities Fair Sharjah
Some $112 million worth of contracts were signed in the first two days of the 2nd Chinese Commodities Fair Sharjah. The show attracted over 1,300 exhibitors and 9,334 trade visitors. The fair is open daily from December 6 to 10, 2003, at the Sharjah Expo Center.
“The attractive investment prospects offered by the special economic zone of China, Shenzhen, has been interesting a significant number of businessmen from the GCC region to set up shop there,” said Deputy Director General of Expo Centre Sharjah, Fasahat Ali Khan. “So far, three investment contracts, worth $600,000 have been signed by different parties during the show.”
Director of Shenzhen Association of Enterprises with Foreign Investment Sui Tak Kwan said, "Shenzhen is China's number one export and import city, located close to Hong Kong. It has proved a very popular investment destination for industrialists and investors from the UAE and the Middle East region. Over the years, from the UAE alone, some 80 companies have set up their facilities there, with investments totaling over $80 million.” — (menareport.com)
© 2003 Mena Report (www.menareport.com)