China’s ‘Silicon Valley’ to attract wave of innovators, start-ups to Dubai – ZAWYA

China’s ‘Silicon Valley’ to attract wave of innovators, start-ups to Dubai – ZAWYA

The Dubai Multi-Commodities Centre (DMCC) is set to attract a wave of innovators and start-ups from China as it signed a new deal with Innoway, dubbed as the "Silicon Valley“ in the Asian state.The flagship free zone and authority on commodities trade and enterprise said the new memorandum of understanding (MOU) with the Chinese platform, established by the Beijing and Haidian government, will increase China-UAE collaboration in the tech sector.The Asian country remains one of the UAE's largest trading partners, with bilateral trade volumes hitting 127 billion UAE dirhams ($34.7 billion) in the first nine months of 2019, up 6 percent from the same period in 2018.The flagship free zone and authority on commodities trade and enterprise said the new memorandum of understanding (MOU) with the Chinese platform, established by the Beijing and Haidian government, will increase China-UAE collaboration in the tech sector.The Dubai Multi-Commodities Centre (DMCC) is set to attract a wave of innovators and start-ups from China as it signed a new deal with Innoway, dubbed as the "Silicon Valley“ in the Asian state.The Asian country remains one of the UAE's largest trading partners, with bilateral trade volumes hitting 127 billion UAE dirhams ($34.7 billion) in the first