Bin Sulayem, Hainan leaders discuss business opportunities

In separate meetings in Haikou, the capital city of Hainan Province, Mr. Bin Sulayem
held talks with Their Excellencies Chen Cheng, Vice Governor of Hainan, and Chen Ci, Mayor of the city.

A senior management team accompanying Mr. Bin Sulayem attended the discussions, which covered investment and development related topics, including possible business opportunities in the coastal city.

A series of presentations were made to the Dubai World delegation on the current and future business development plans in the province. Mr. Bin Sulayem and his team later toured the various projects in Haikou.

Dubai World Chairman praised Hainan island's ambitious tourism vision and the projects in Haikou.

"We are impressed by Hainan's tourism development plans. The province has rightly utilised its geography in shaping its economy. Dubai is proud of being a shining example of innovation and uniqueness in making the most of its location and potential. The meetings with the leaders provided us with an opportunity to share ideas for future development and explore possibilities for co-operation,"

Mr. Bin Sulayem said.

Dubai World is committed to maintaining the momentum of the growing economic ties between the UAE and China, which was further strengthened by the visit of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to the country in April this year.

Dubai World has a strong investment base in China, led mainly by DP World's port operations. Istithmar World, the group's private equity and alternative investment house, and Limitless, its global real estate master developer, have offices in Shanghai.

The Group has been closely following China's rapid economic development and the new investment opportunities there. The significance of China to Dubai World is reflected in the launch of a website in Chinese language (www.dubaiworldchina.cn), the only website in a language other than English and Arabic that presents the group's global activities.

Hainan, strategically located in southern China, recently unveiled an ambitious blueprint aiming to become a top class international tourist destination by 2028. With an area of 34,000 square kilometers, tropical and subtropical Hainan was established in 1988 as a province and approved as a special economic zone enjoying preferential development policies.

The capital city of Haikou is a sea side resort with beaches famous for sailing and windsurfing. The government has adopted a tourism-focused development master plan including several high-end projects.

Dubai World, Dubai's flag bearer in global investments, operates a highly diversified spectrum of industrial segments and plays a major role in the emirate's rapid economic growth. Its primary aim is to play the role of a growth engine that powers development both locally and internationally. Dubai World's investment spans five strategic growth areas of the 21st Century commerce namely Transport & Logistics, Drydocks & Maritime, Urban Development, Investment & Financial Services and Energy and Natural Resources. The company's business strategy is driven by a combination of pragmatic acquisitions and prudent investments, designed to deliver real, measurable results to all its stakeholders.