Al Khayyat Investments (AKI) has also entered into two Memorandum of Understanding (MoUs) aimed at boosting bilateral economic cooperation and ensuring sustainable trade and investment between the UAE and the People’s Republic of China.
It was signed in the presence of Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, deputy chairman of the Presidential Court for Development and Fallen Heroes’ Affairs, and Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of Foreign Trade.
Zaid S Al Khayyat, MD of Al Khayyat Investments (AKI), signed the agreements with Cainiao, an Alibaba company, to develop collaboration in logistics and technologies, and BioBAY, where cooperation is sought in the field of life sciences.
These MoUs were solidified when Al Khayyat Investments participated in the 8th China International Import Expo (CIIE) in Shanghai, at the China, UAE Economic and Trade Cooperation Promotion Conference, where the UAE was the Guest of Honor Country.
These agreements are an important step towards the development of AKI and the willingness of the UAE and China to promote innovation and trade, as well as economic development.
According to Dr Thani bin Ahmed Al Zeyoudi, the partnerships are a clear indication of the strengthening of economic ties between the UAE and China: “The UAE and China are two nations that believe in the importance of trade to economic growth and development, and we continue to pursue opportunities in each other’s markets. Our partnership is already forward-looking, and we both want to explore where the new opportunities lie. These MoUs between Al Khayyat Investments and Cainiao and BioBAY represent the latest steps towards cementing the trade and investment ties between our two private sectors in vital, high-growth industries.”
MD of Al Khayyat Investments (AKI), Zaid S. Al Khayyat, said, “Our partnerships with Cainiao and BioBAY reflect AKI’s continued expansion and our deepening engagement with China. The UAE and China share a common vision for innovation-driven, sustainable development, and through these agreements, we look forward to unlocking new opportunities in logistics, technology, and life sciences and more that benefit both economies and the region.”
