Officials after signing the agreement
China's Jinsha Holding Group to invest $2bn in UAE
DUBAI, November 9, 2021
China's Jinsha Holding Group will make strategic investments in the UAE worth AED7.2 billion ($2 billion) by 2022 in several sectors, including blockchain technology, finance, Internet, entertainment, real estate and medical fields.
The group will also establish a fund for the blockchain industry in cooperation with Emirati investment funds, and a digital asset compliance exchange will be established, although the exact launch date has not been revealed yet.
For this, Jinsha Holding Group and UAE's Royal Strategic Partners signed a strategic cooperation agreement at a grand ceremony in Dubai.
The ceremony was attended by Dr Hamad Al Ali, CEO of Royal Strategic Partners in UAE and Leo Liu, Chairman of Jinsha Holding Group, who signed a strategic cooperation agreement.
Liu stated that Jinsha Holding Group and Royal Strategic Partners will work together to build the largest Chinese-Arab investment base in the Middle East.
The agreement includes establishing joint ventures in digital assets and entertainment games.
Jinsha Holding Group works in several fields, including blockchain technology, finance, entertainment, real estate, and others.
Royal Strategic Partners operates and focuses on investing and developing emerging industries in the UAE.
Royal Strategic Partners is a major contributor to the "Hala China" initiative, and made outstanding contributions in promoting economic exchanges, investment cooperation and cultural exchanges between China and the UAE.
It was also attended by Abubaker Alkhoori, CEO of Abu Dhabi Capital Group.-- TradeArabia News Service
