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Shaikh Hamdan Bin Mohammad approves Dubai Silk Road strategy
5 Mar 2019

 

Shaikh Hamdan Bin Mohammad Bin Rashid Al Maktoum, Crown Prince of Dubai, approved the Dubai Silk Road strategy, which aims to build on the success Dubai has accomplished globally as a strategic trade link, according to a statement from his office on Saturday

 

The Dubai Silk Road strategy comprises nine initiatives and 33 projects. The strategy's initiatives cover various domains including government integration, e-commerce movement, linking value chains, air and logistics connectivity among many more.

 

Last July, the governments of UAE and China on Friday signed a memorandum of understanding (MoU) concerning joint cooperation on the China’s Silk Road Initiative, called The Belt and Road Initiative, and the 21st Century Maritime Silk Road Initiative, during a three-day visit of Chinese President Xi Jinping to the UAE.

 

The Crown Prince emphasized the importance of the logistics sector as a key driver of economic diversification, which was a key component in the 50-Year Charter.

 

The 50-Year Charter is a pledge containing nine articles that aim to develop the quality of life and guarantee a better future for generations. It was announced in January.

 

Shaikh Hamdan also noted that the Government of Dubai has already begun the implementation of the 50-Year Charter, and stressed the significance of collaboration of all concerned entities. Sultan Ahmad Bin Sulayem, the Chairman of Ports, Customs and Free Zone Corporation (PCFC), said Dubai is moving ahead with boosting its capabilities in trade and logistics services through the new strategy. “The strategy augments decades of successful investment in creating renowned ports, airports, and free zones both regionally and internationally,” he said.

 

Source:Gulf News