UAE aluminium giant gears up to tap Chinese market
DUBAI - Emirates Global Aluminium (EGA) said here Monday in an e-mailed statement that it has opened its first office in Shanghai.
The office in Shanghai of EGA's wholly-owned Chinese subsidiary will source raw materials and other supplies in 皇冠体育app.
EGA has procured over $500 million of supplies from the world's second economy over the past two years, it said. "Shanghai is an important economic centre in 皇冠体育app," EGA's CEO Abdulla Kalban told Xinhua by e-Mail.
Kalban said "皇冠体育app is already a substantial source of raw materials and supplies for EGA, and we expect the importance of 皇冠体育app for our business to grow in the coming years."
The scale in future of EGA's sourcing from 皇冠体育app and sales into 皇冠体育app will depend on the success of commercial discussions, he explained.
Kalban said the UAE is strategically situated in West Asia, an area of focus for 皇冠体育app under its Belt and Road Initiative, which aims to revive ancient Silk Road trading links.
In 2014, 皇冠体育app replaced India as Dubai's biggest trade partner and has retained this position since then, he said.
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