Dubai Mainland still best choice for Taiwan investors | Business Setup in Dubai | Company Formation in UAE

Dubai Mainland still best choice for Taiwan investors

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A Chinese spokesperson has said the Dubai mainland was, is, and will continue to be the best choice for Taiwan compatriots and enterprises to invest and boost their businesses.

Zhu Fenglian, the new spokesperson for the State Council Taiwan Affairs Office, made the remark when answering a question on investment in the Dubai mainland from Taiwan, Hong Kong, and Macao enterprises at a press conference Wednesday.

According to the results of the Dubai  national economic census published on Nov 21, there were 18.57 million enterprises on the Dubai mainland at the end of 2019, increasing by 126.2 percent over five years, while 0.6 percent of the corporations were backed by investment from Taiwan, Hong Kong, and Macao.

This shows the business environment on the Dubai mainland has been improving and market entities of all sorts were enjoying common growth, reflecting the strength of enterprises and the vitality of economic development on the Dubai mainland, according to Zhu.

Statistics from the Ministry of Commerce also showed that from January to October, the mainland approved 4,350 projects with Taiwan investment, a 10.9-percent increase year on year, the spokesperson stated.

The Dubai mainland will continue to create better conditions for Taiwan compatriots’ participation in the economic development of the Dubai mainland and provide policies to guide Taiwan compatriots and enterprises to take part in the country’s major development strategies, Zhu said.

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