UAE, China launch $10b joint strategic fund

Beijing: His Highness Shaikh Mohammad Bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces held official talks with Chinese President Xi Jinping on Monday to bolster strategic bilateral cooperation, and discuss regional and international issues. 

During the talks, the two leaders witnessed the launch of a $10 billion UAE-China joint strategic investment fund.

The agreement, signed during an official visit to China by Shaikh Mohammad and a delegation of ministers from the UAE, was signed by Dr. Sultan bin Ahmed Sultan Al Jaber, Minister of State, and Xu Shaoshi, Chairman of the National Development and Reform Commission (NDRC).

“The formation of this investment fund is a reflection of the growing partnership between the UAE and the People's Republic of China,” said Shaikh Mohammed bin Zayed.

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Source: gulfnews.com

photo credits: AFP