Abu Dhabi, United Arab Emirates – A strategic partnership and mutual promotion mechanism was established as Etihad Aviation Group (EAG) CEO Tony Douglas and Jiangsu Provincial Overseas Cooperation and Investment Company Limited (JOCIC) Chairman Luo Hua inked a Memorandum of Understanding (MoU) during Chinese President Xi Jinping’s three-day state visit to the United Arab Emirates.
The parties plan to
cooperate on a wide range of areas in order to better support the development
of the China-UAE Industrial Capacity Cooperation Demonstration Park (China-UAE
Industrial Park) in Khalifa Port, Abu Dhabi, including air logistics,
procurement, mutual promotion on respective premises and digital channels.
The MoU signifies
that EAG will provide the companies investing in the China-UAE Industrial Park
with preferred air transportation and cargo rates on the routes and services
between China and other cities on Etihad Airways entire network. JOCIC and the
companies of the China-UAE Industrial Park also designate Etihad Airways as
their preferred airline.
Under the agreement,
EAG and JOCIC, the management company of the China-UAE Industrial Park, will
jointly explore marketing opportunities through appropriate promotional
channels in China and the UAE to promote the China-UAE Industrial Park, Abu
Dhabi’s friendly investment environment for Chinese companies as well as Abu
Dhabi’s unique geographic advantages and Etihad Airways’ convenient network,
which supports China’s Belt and Road Initiative.
In addition, EAG
will enjoy special rates on the products produced and manufactured by Chinese
companies at the China-UAE Industrial Park.
Tony Douglas, Etihad
Aviation Group Chief Executive Officer, said: “China is a strategically
important market for Etihad. We feel extremely honored to forge such a
strategic partnership with JOCIC so as to serve the development of the
China-UAE Industrial Capacity Cooperation Demonstration Park, and better foster
the Chinese companies within the Industrial Park.”
will demonstrate the long-standing commitment of Etihad, the national carrier
of the United Arab Emirates, to acting as a bridge for economic and cultural
exchanges between the UAE and China, as well as to strengthen the position of
Abu Dhabi as an aviation hub to connect China with the economies along the Belt
& Road Initiative by leveraging our strong global network,” Mr. Douglas
continued. “It also exemplifies our pivotal role in the Abu Dhabi government’s
plan to strengthen the infrastructure and transport sectors in Abu Dhabi, in
line with the Abu Dhabi Economic Vision 2030.” “This is only the beginning. We
look forward to making more contributions to the project,” Mr. Douglas added.
Luo Hua, Chairman of
Jiangsu Provincial Overseas Cooperation and Investment Company, said: “The China-UAE
Industrial Capacity Cooperation Demonstration Park is a major project under the
Belt and Road Initiative. It represents an important consensus reached by the
leadership of China and the UAE to strengthen international industrial capacity
cooperation between the two countries.
“We look forward to
working closely with Etihad Aviation Group by leveraging its diversification of
business, convenient network and innovation advantages to drive the continued
success of the China-UAE Demonstration Park,” added Chairman Luo.
Established in July
2017, with a 50-year agreement signed between Abu Dhabi Ports and JOCIC, the
China-UAE Industrial Park has successfully achieved investment agreements with
16 Chinese companies, totaling US$1 billion in value. The Chinese companies
investing in the Industrial Park come from various sectors, including new
energy sources, aluminum processing, machinery manufacturing, trade and
logistics, metallurgy, building materials, chemicals, packaging, and food and
In May 2018, Abu
Dhabi Global Market (ADGM) also signed an MoU with JOCIC to establish a
comprehensive financial service platform to better integrate financial
resources to service the development of the China-UAE Industrial Capacity
Cooperation Demonstration Park. The Industrial Park aims to become a major
window and platform for China’s investment and trade cooperation with countries
in the Middle East, Africa and Europe.
currently operates daily flights between Abu Dhabi and China’s four main
gateways — Beijing, Chengdu, Shanghai and Hong Kong.