In recent years, taking the China-Arab States Expo as an opportunity, the Department of Commerce of Ningxia Hui Autonomous Region has adhered to the national strategy, focused on economic and trade cooperation, seized opportunities brought by the Belt and Road construction, and built platforms for opening-up and international cooperation, optimizing the business environment and expanding the inland open economy.
Ningxia has focused on such fields as financial investment, oil and gas, the digital economy, wind power and photovoltaics, and clean energy, returned visits to exhibitors at earlier editions of the China-Arab States Expo, enhanced cooperation with key enterprises of Arab countries such as Saudi Arabian Oil Company, Ajlan & Bros Holding Group and First Abu Dhabi Bank (FAB), and strived to expand its local investment fields by both sector and scale for Arab countries.
Ningxia has also expedited the implementation of projects signed at the China-Arab States Expo and resolved prominent problems in project construction through consultation, thus continuously increasing the rate of foreign capital utilization.
As of November 2022, the seven Arab countries of Saudi Arabia, the United Arab Emirates, Jordan, Palestine, Yemen, Egypt and Libya had established a total of 10 foreign-invested enterprises in Ningxia Hui autonomous region, with an actual capital of $13.91 million, mainly in such fields as catering and accommodation, dairy product processing and wholesale.
Ningxia Huaqi Restaurant Co Ltd, an Arab-invested enterprise established in Guyuan city, Ningxia in 2006 with a registered capital of $36.4 million and actual utilized capital of $13.57 million, has developed into a well-known local enterprise and hosted government receptions.
Taking the 6th China-Arab States Expo as an opportunity, Ningxia will prepare an economic and trade exchange event for multinational companies, build a platform for foreign investment cooperation, encourage more Arab companies to focus on special industries in Ningxia, strengthen the integration of production, technology and markets, facilitate the implementation of a number of investment and technical cooperation projects, and advance high-level opening up through superior foreign capital utilization.
