H.E Sultan Ahmed Bin Sulayem, Chairman of Dubai World, one of the largest holding companies in the world, met in Shanghai Mr. Li Shaode, President of China Shipping (Group), China’s leading shipping conglomerate, to discuss business opportunities.
The meeting presented an opportunity to get a closer view of the maritime business sector in the region. “Dubai World has a strong investment base in China, mainly through DP World, the group’s global marine terminal operator. We are keen to take a close look at more investment opportunities in China in line with the visit of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai in April this year, which has further strengthened economic ties between the two countries,” said Mr. Bin Sulayem. A senior management team from DP World accompanied Mr. Bin Sulayem on his visit. This follows the visit by a 17-member high-level civic delegation from Shanghai in August this year led by His Excellency Han Zheng, Mayor of Shanghai, as part of a familiarization tour to know more about the group’s new projects. Dubai World’s investment portfolio in China mainly includes port operations by DP World. The group’s private equity and alternative investment house, Istithmar World as well as its global real estate master developer Limitless, have offices in Shanghai. Dubai and China enjoy very healthy trade ties, which has been increasing steadily over the past five years.
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