Shenzhen:Dubai Dubai CommerCity, a free zone dedicated to e-commerce in the MENA region, has announced a collaboration with the Hong Kong-Shenzhen Innovation and Technology Park Limited (HSITPL) to support technology companies' expansion. This partnership aims to strengthen business ties between Dubai and Hong Kong.
According to Wam, the collaboration will allow companies based in Dubai CommerCity to explore opportunities to establish operations at the Loop Hong Kong Park and expand into Hong Kong, mainland China, and other markets. Additionally, it will attract technology companies from Hong Kong to Dubai CommerCity, where they can leverage its integrated ecosystem to establish and grow their businesses in the UAE and expand into regional markets.
The announcement was made during the Dubai Business Forum - China, organized by Dubai Chambers in Shenzhen. The event was held under the theme 'Momentum at Scale Accelerating Shared Success' and attended by Amna Lootah, Director General of Dubai CommerCity, along with senior representatives from HSITPL and Dubai Chambers. Lootah emphasized that the collaboration will enhance connections between the innovation ecosystems and create market entry opportunities for technology companies.
Vincent Ma, Chief Executive Officer of HSITPL, highlighted that the partnership will assist technology companies in expanding beyond their domestic markets by providing access to expertise, partners, and investment opportunities. The agreement includes facilitating business establishment opportunities, entrepreneurship programs, office space, support services, and connections with business partners and investors.
The cooperation will also feature joint events, mentorship programs, and opportunities for technology companies to showcase their products and solutions. HSITPL plays a significant role in promoting research, development, and innovation collaboration between Hong Kong and Shenzhen, particularly within the Hetao Shenzhen-Hong Kong Science and Technology Innovation Cooperation Zone, connecting companies with China's Greater Bay Area's broader innovation ecosystem.
