Annual Investment Meeting (AIM), a leading investment platform globally, and China Venture Capital Research Institute (CVCRI) have signed a memorandum of understanding (MoU) for a long-term strategic partnership to share resources and to boost investment opportunities within the Belt and Road Initiative (BRI).

The MoU signed between Walid Farghal, director general of AIM, and Jihong Ding, president of CVCRI, is expected to attract Chinese venture capitalists and private equities looking for investment opportunities in different parts of the world.

The MoU was signed in the presence of Rahma bin Abdulrahman Al Shamsi, UAE Consul-General in the Chinese city of Guangzhou, and Yao Wenkai, the leader of the Shenzhen Municipal Bureau of Commerce, during a meeting held at Shangri-La Hotel in Futian Shangri-La Shenzhen, last month.

Walid Farghal, director general of AIM, said: “UAE-China ties are set for next level with the recently signed agreements in several key sectors like space, construction, tourism, healthcare, clean energy, oil and environment.”

“The MoU opens a flood of opportunities for investors and countries to find feasible projects for portfolio investments, and invest in Future City projects or tie-up with start-up companies aiming for global operations. OBOR at AIM will be a linking platform for investors and Chinese companies seeking viable infrastructure projects for investments that are mutually beneficial for them,” he added.

Jihong Ding said: “I am honoured to have a partnership with AIM, and look forward to developing the ties between UAE and China.”