Jul 4, 2024

The China Innovation Centre in UAE successfully hosted the ‘China-UAE AI Industry Financial Cooperation Forum’ at WAIC 2024 in Shanghai, Charting a Blueprint for Innovative Collaboration

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• The China-UAE AI Industry Financial Cooperation Forum, a key event at the 2024 World Artificial Intelligence Conference (WAIC) in Shanghai, highlighted deepening strategic ties between the two nations in AI and finance, with significant contributions from industry leaders

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• The forum was attended by a delegation of senior business leaders from the UAE including Ras Al Khaimah Digital Assets Oasis Free Zone, Dubai Integrated Economic Zones, and Dubai Silicon Oasis

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• Key discussions focused on sustainable AI applications in healthcare and government, along with opportunities for Chinese AI companies in the UAE, underscoring the growing potential for collaborative innovation

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• The forum concluded with the signing of MoUs between the China Innovation Centre in UAE (CIC) and key Chinese tech firms and Government agencies, marking a pivotal step in advancing AI cooperation and mutual growth between China and the UAE

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Shanghai CN, July 4, 2024 - Shanghai, CN, July 4, 2024 – The World Artificial Intelligence Conference (WAIC) took place in Shanghai, with Premier Li Qiang of the State Council attending the opening ceremony and delivering a keynote address. Premier Li emphasised the urgent need for nations to engage in deep discussions, build consensus, seize opportunities, and tackle challenges in AI development. The China-UAE AI Industry Financial Cooperation Forum, a key international event of the conference, attracted significant attention and was held on 6 July. The forum, themed "Opening a New Chapter of China-UAE AI Innovation Cooperation," was hosted by the China Innovation Centre in UAE (CIC) and strongly supported by major organisations such as the Ras Al Khaimah Digital Assets Oasis Free Zone, Dubai Integrated Economic Zones Authority, and Beijing Rongxin Datainfo Science & Technology Co., Ltd. It aimed to establish a high-level platform for China-UAE AI industry exchange and cooperation.

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​Hamdan Doleh, Chairman of CIC, welcomed participants during the forum's opening ceremony, stressing the importance and urgency of deepening cooperation between China and the UAE in AI and finance. The subsequent keynote session featured industry leaders and experts who shared their unique insights and forward-looking perspectives on China-UAE AI collaboration. Dr Samir Ansari, CEO of Ras Al Khaimah Digital Assets Oasis Free Zone, provided an in-depth analysis of the "Current Status and Prospects of China-UAE AI Industry Financial Cooperation," outlining feasible paths for future collaboration. Dr Eric Zavroskov, CEO of Insilico Medicine, focused on "Sustainable Development and AI: Applications and Cooperation in the Life and Health Sectors of China and the UAE," exploring the significant potential of AI in healthcare. Dr John Zhang, CEO of CIC, discussed the "Opportunities and Challenges for Chinese AI Enterprises Entering the UAE," offering valuable advice to Chinese companies seeking international expansion. Meanwhile, Yu Xiaobo, Chairman of Beijing Rongxin Datainfo Science & Technology Co., Ltd., in his speech titled "AI Empowering Digital Government Decision-Making," showcased innovative AI applications in enhancing government efficiency.​

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The forum also featured two dynamic panel discussions, bringing together business leaders from China and the UAE across various sectors, including urban management, investment advisory, securities research, and smart technology. They engaged in in-depth discussions on the practical applications of AI in urban management and future trends in China-UAE cooperation. Participants included Xu Yun, Deputy Secretary-General of Ningbo Municipal Government and Executive Deputy Director of the Yongjiang Science and Innovation Zone Construction Leading Group Office; Wu Yu, Founder of Floating AI; Guo Qiao, Senior Vice President of Xuelangyun; Dr Chen Jiqiang, Chairman of Jiqiang United Investment Advisory Co., Ltd.; Hu Youwen, Vice President of Minsheng Securities; Gordon Suttie, CEO of Dubai 360 Consultancy.; Wan Bin, COO of Keenon Robotics; and Yang Lida, CEO of Shanghai Cimic Investment Co., Ltd. These leaders either chaired or participated in the discussions, providing attendees with a feast of thought-provoking ideas.

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​The forum's highlight was the signing ceremony, where CIC signed Memorandums of Understanding (MoUs) with Beijing Rongxin Datainfo Science & Technology Co., Ltd., and Floating AI Technology Co., Ltd., marking a significant step forward in China-UAE AI industry cooperation. Beijing Rongxin Datainfo Science & Technology Co., Ltd. was also honoured with the "China Innovation Centre Top Ecosystem Partner" award, underscoring its leadership in China-UAE AI collaboration.​​​

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The successful hosting of the China-UAE AI Industry Financial Cooperation Forum not only deepened the exchange and cooperation between the two nations in the field of AI but also contributed new insights and momentum to the building of a China-UAE community of shared destiny and the promotion of global AI governance. As cooperation continues to deepen, China and the UAE are poised to achieve more mutually beneficial outcomes in AI and jointly open a new chapter of innovative collaboration.

 

 

 

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The "Belt and Road" Initiative

This year signifies the beginning of the second decade since the inception of the "Belt and Road" initiative.

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Under the guidance of the Sheikh of Dubai, Dubai Chambers was established in 1965 as a governmental organisation. Its mission is to support and safeguard the interests of Dubai's business groups, with the goal of transforming Dubai into the most internationally oriented business hub by fostering a favourable business environment. In 2022, His Highness Sheikh Hamdan, the Crown Prince of Dubai, officially inaugurated the "Dubai Global Plan." Subsequently, in 2023, the China Innovation Centre at Dubai Chambers was formally introduced, becoming a pivotal component of the Dubai Global Plan. This centre is committed to forging a new era of technological and economic collaboration between China and Dubai.

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China Innovation Centre in UAE

Dubai's world-class logistics infrastructure and strategic location along the New Silk Road ensure easy access to markets in Asia, Africa and the Middle East. The China Innovation Centre in UAE focuses on creating a one - stop service platform for Chinese enterprises to venture abroad, offering professional services such as exhibition and events, market entry consulting, acceleration, business matchmaking, and investment and financing.
Located in Dubai Chambers building, the Centre serves as a physical showroom for innovative Chinese enterprises entering the GCC region, and a connector between the business communities of the UAE and China.

 

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​​World Artificial Intelligence Conference (WAIC)

The World Artificial Intelligence Conference (WAIC) stands as one of the most influential events in the global tech, science, and industry ecosystem, distinguished by its commitment to advancing AI through multilateral cooperation. As a national level conference in China, WAIC engages a global audience, advocating for collaboration among stakeholders in the AI sector. The conference sets itself apart by offering live streaming for sponsors and partners, enhancing visibility and driving business opportunities. It serves as a nexus for associations, universities, and tech companies from China and abroad, facilitating collaboration across four key areas: breakthrough technologies, new industries, humanities, and future trends. WAIC also prioritises providing unparalleled networking opportunities, connecting attendees with influential figures at the forefront of scientific and industrial developments.

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Media Contact:

For further information or media enquiries please contact:

info@chinainnovationcentre.com

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