Umm Al Quwain Free Trade Zone Authority has conducted an investors' meet in Guangzhou, China, in conjunction with Canton Fair.

The fair, which kicked off on April 15, will conclude tomorrow (May 5).

In attendance at the investors' meet were government officials and dignitaries along with business and thought leaders and investors from all over China, said a statement from the authority.

Amongst those present were members from Guangzhou’s Municipal Board for International Investment, Guangzhou Chamber of Commerce for Overseas Chinese Enterprises and Guangzhou Bozhan Industrial Corporation Limited, it said.

Many investors had shown keen interest in learning about available investment opportunities in relation to the development of UAQ’s Free Trade Zone as well as subsequent interest in investing in projects within the free zone’s premises.

Umm Al Quwain Free Trade Zone is participating in the Canton Fair, co-hosted by the Ministry of Commerce of PRC and the People’s Government of Guangdong Province, organised by the China Foreign Trade Centre.

Known to be a comprehensive international trading event reputed for having the longest history and being conducted over the largest scale in China, the fair covers a total area of 1,180,000 sq m.

Globally, China is a major driving force of the world economy. Last year achieving a growth rate of 6.9 per cent which overall contributed to over 30 per cent of global growth. China has been the second-largest trading partner of the UAE since 2011.

“We as UAQ Free Trade Zone, look forward to providing the perfect infrastructure and contribute towards that growth and ensure we create a streamlined and seamless process for businesses and investors from China interested in investing in UAQ and overall in UAE,” said Johnson George, general manager of UAQ Free Trade Zone Authority, who led the team which represented the UAQ Free Zone in China.

The UAE at large is a global hub for trade, finance and investment and UAQ Free Trade Zone Authority with its transparent, efficient and modern legal framework and accessibility would be a perfectly positioned partner to assist businesses looking to invest in the UAE.

George added: “UAQ is strategically located at driving distance from the major hubs in the UAE with access to a network of air, sea and road links which enables seamless connectivity not only through the GCC but also with the rest of the world.”

“Our generous investment incentives; such as 100 per cent foreign ownership, 0 per cent corporate and personal tax, 100 per cent repatriation of capital and profits, no exchange control, no restriction on investment in any sector are further evidence of our openness towards international investors,” he concluded. – TradeArabia News Service