A new manufacturing hub for power and energy equipment is on the horizon in Dubai, thanks to a recent agreement between Hong Kong Tinkam Capital and the Dubai Multi Commodities Centre (DMCC). This innovative partnership aims to enhance industrial capabilities and foster economic ties between the UAE and China.

Strategic Collaboration for Growth

The memorandum of understanding (MoU) establishes a framework for collaboration designed to entice both upstream and downstream Chinese businesses across various segments of the industry. This includes sectors specializing in advanced manufacturing, renewable energy technologies, and green solutions. The initiative underscores the UAE’s commitment to becoming a global leader in sustainable energy and advanced manufacturing, while simultaneously strengthening its trade partnership with China.

Current statistics reveal that China is the UAE’s largest trading partner, with bilateral trade expected to reach approximately $90 billion in 2024. During the first half of 2025, trade increased by 15.6 percent compared to the same period the previous year, approaching $50 billion. The UAE Ministry of Economy and Tourism highlights these figures to demonstrate the growing interconnectedness of the two economies.

Investment and Expertise Exchange

As outlined in the agreement, DMCC and Hong Kong Tinkam Capital will work together to identify and facilitate investment opportunities. This collaboration will engage potential companies, promote the exchange of expertise, and support various projects aligned with Dubai’s industrial and energy sectors. Ahmad Hamza, the chief free zone affairs officer at DMCC, stated, “China remains one of DMCC’s most important strategic markets,” emphasizing that the district is home to over 1,000 Chinese companies. In the past five years, registration numbers have experienced impressive double-digit growth.

The partnership is designed not only to attract Chinese firms but also to integrate them into DMCC’s extensive business network. This will offer invaluable support for companies looking to establish or expand their operations within the UAE. “We welcome this partnership with Hong Kong Tinkam Capital that reflects our shared ambition to deepen commercial ties,” Hamza reiterated, stressing the mutual benefits that will arise from this collaboration.

A Broader Ecosystem for Industry

Ye Xiongchang, the chairman of Hong Kong Tinkam Capital, emphasized that the agreement would serve as a significant catalyst for Chinese businesses interested in entering or expanding within the UAE market. He expressed excitement about exploring opportunities to develop a first-rate power and energy equipment manufacturing ecosystem in Dubai, aiming to strengthen the presence of Chinese enterprises in the region.

The signing of this agreement took place during a delegation visit led by Guo Hongwei, executive deputy director of the management committee of the New Quality Productive Forces Development Fund. This dedicated delegation included senior representatives from China’s advanced manufacturing, green technology, and power and energy sectors, showcasing a united front in pursuing mutual interests. The initiative is also supported by Wu Yufan, president of Longdy Group’s Greater China region, who played a key role in facilitating this partnership.

As the DMCC highlights, its Chinese member companies operate in diverse sectors, including energy, technology, construction, and precious metals. These varied sectors underscore the immense potential for creating synergies that will benefit both Chinese and UAE businesses. The ambitious project promises to boost local industry while enhancing bilateral trade relations, contributing to the UAE’s growing reputation as a global business hub.