Legend Holding Group strengthens UAE-China relations
As part of its grand global headquarters opening, Legend Holding Group reaffirming its vital role in the deepening relationship between the United Arab Emirates and the People's Republic of China. The event brought together key dignitaries, including Ou Boqian, Consul General of China in Dubai, Abdulla Al Saleh, Undersecretary, UAE Ministry of Economy, government officials and partners from across sectors, reflecting a shared commitment to sustainable growth and collaboration.
In her keynote, Ou Boqian emphasized the importance of Chinese enterprises like Legend in the UAE's economic fabric: 'Legend Holding Group started from a small company, and now operates in over 10 countries, covering 56 regions, with more than 500 employees and more than Dh1.5 billion in output for 2024. China has remained the UAE's largest trading partner for 11 consecutive years, and companies like Legend are pivotal in this enduring success.'
She also praised Legend for fostering not only economic but also cultural and social exchange, citing its active participation in events such as the Dubai Forum, the New Energy Vehicle Parade, and Lantern Festival celebrations, as well as charitable Ramadan donations.
Al Saleh praised Legend Holding Group as a model enterprise reflecting the UAE's strategic economic vision. 'Legend stands as a shining example of our partnership with China, through its investments in infrastructure, it supports our national priorities, including the UAE Net Zero 2050 initiative.'
With Dubai as a strategic hub, Legend is a prime example of a successful Chinese company, founded in the UAE and rising to become a regional leader.
Founder and Chairman Kai Zheng said: 'We're not just growing, we are laying the foundation for the future. From EVs and smart mobility to technology, digital solutions and other sectors, we're building ecosystems, fostering a long term commitment for our customers and partners.'
Kai emphasized a belief in cross-industry connectivity and sustainable innovation as drivers of long-term value.
75% of all vehicles sold in 2024 by Legend were electric, a testament to the group's alignment with the UAE's environmental goals and its leadership in smart mobility.
Legend's diversified businesses span across automotive, green energy, tourism, smart technology, and media with ambition to create interconnected ecosystems that drive economic and social progress in line with 2050 vision.
Kai Zheng concluded: 'As we look ahead, Legend Holding Group is not just preparing for the future, we are actively creating it. Rooted in a strong foundation of trust, innovation, and shared values, our path forward is defined by bold ambition and unwavering purpose.
Our Vision is to become a global leader in building interconnected ecosystems that be a key element in evolving industries. Our focus is clear: to harness the power of technology, data, and artificial intelligence to unlock smarter solutions, enhance the customer experience, and drive sustainable progress'.
He continued, guided by a people-first philosophy, we will continue to invest in talent and diversity, ensuring our teams are equipped to navigate and lead in a rapidly evolving world. Through digital transformation, sustainable innovation, and meaningful collaboration, Legend will remain at the forefront of shaping industries and enriching lives.
Together, with our partners, our teams, and our communities, we will not only grow; we will lead with purpose, innovate with responsibility, and shape a future where progress creates value for all.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Dubai Eye
3 hours ago
- Dubai Eye
Trump and Xi agree to further talks to settle trade disputes
US President Donald Trump and Chinese leader Xi Jinping agreed to further talks between the countries to hash out differences on tariffs that have roiled the global economy, according to US and Chinese summaries of their phone call on Thursday. "There should no longer be any questions respecting the complexity of Rare Earth products," Trump wrote on social media. "Our respective teams will be meeting shortly at a location to be determined." Trump and a Chinese government summary of the meeting said the leaders had invited each other to their respective countries at a future date. "The US side should take a realistic view of the progress made and withdraw the negative measures imposed on China," the Chinese government said in a statement published by the state-run Xinhua news agency. "Xi Jinping welcomed Trump's visit to China again, and Trump expressed his sincere gratitude." The highly anticipated call came amid accusations between Washington and Beijing in recent weeks over "rare earths" minerals in a dispute that has threatened to tear up a fragile truce in the trade war between the two biggest economies. The countries struck a 90-day deal on May 12 to roll back some of the triple-digit, tit-for-tat tariffs they had placed on each other since Trump's January inauguration. Though stocks rallied, the temporary deal did not address broader concerns that strain the bilateral relationship, from the illicit fentanyl trade to the status of democratically governed Taiwan and US complaints about China's state-dominated, export-driven economic model. Since returning to the White House in January, Trump has repeatedly threatened an array of punitive measures on trading partners, only to revoke some of them at the last minute. The on-again, off-again approach has baffled world leaders and spooked business executives, who say the uncertainty has made it difficult to forecast market conditions. China's decision in April to suspend exports of a wide range of critical minerals and magnets continues to disrupt supplies needed by automakers, computer chip manufacturers and military contractors around the world. Beijing sees mineral exports as a source of leverage - halting those exports could put domestic political pressure on the Republican US president if economic growth sags because companies cannot produce mineral-powered products. The 90-day deal to roll back tariffs and trade restrictions is tenuous. Trump has accused China of violating the agreement and has ordered curbs on chip design software and other shipments to China, while also doubling steel and aluminum tariffs to 50 per cent. Beijing rejected the claim and threatened counter-measures. In recent years, the United States has identified China as its top geopolitical rival and the only country in the world able to challenge the US economically and militarily. Despite this and repeated trade threats and tariff announcements, Trump has spoken admiringly of Xi, including of the Chinese leader's toughness and ability to stay in power without the term limits imposed on US presidents. Trump has long pushed for a call or a meeting with Xi, but China has rejected that as not in keeping with its traditional approach of working out agreement details before the leaders talk. The US president and his aides see leader-to-leader talks as vital to sort through log-jams that have vexed lower-level officials in difficult negotiations. Thursday's call came at Trump's request, China said. It's not clear when the two men last spoke. Both sides said they spoke on January 17, days before Trump's inauguration and Trump has repeatedly said that he had spoken to Xi since taking office on January 20. He has declined to say when any call took place or to give details of their conversation. China had said that the two leaders had not had any recent phone calls. The talks are being closely watched by investors worried that a chaotic trade war could cut into corporate earnings and disrupt supply chains in the key months before the Christmas holiday shopping season. Trump's tariffs are also the subject of ongoing litigation in US courts. Trump has met Xi on several occasions, including exchange visits in 2017, but they have not met face to face since 2019 talks in Osaka, Japan. Xi last traveled to the US in November 2023, for a summit with then-President Joe Biden, resulting in agreements to resume military-to-military communications and curb fentanyl production.
Dubai Eye
3 hours ago
- Dubai Eye
US trade deficit narrows sharply in April, imports post record drop
The US trade deficit narrowed sharply in April, with imports decreasing by the most on record as the front-running of goods ahead of tariffs ebbed, which could provide a lift to economic growth this quarter. The trade gap contracted by a record 55.5 per cent to $61.6 billion, the lowest level since September 2023, the Commerce Department's Bureau of Economic Analysis said on Thursday. Data for March was revised to show the trade deficit having widened to an all-time high of $138.3 billion rather than the previously reported $140.5 billion. Economists polled by Reuters forecast the deficit narrowing to $70.0 billion. The goods trade deficit eased by a record 46.2 per cent to $87.4 billion, the lowest level since October 2023. A rush to beat import duties helped to widen the trade deficit in the first quarter, which accounted for a large part of the 0.2 per cent annualised rate of decline in gross domestic product last quarter. The contraction in the deficit, at face value, suggests that trade could significantly add to GDP this quarter, but much would depend on the state of inventories. Imports decreased by a record 16.3 per cent to $351.0 billion in April. Goods imports slumped by a record 19.9 per cent to $277.9 billion. They were held down by a $33.0 billion decline in imports of consumer goods, mostly pharmaceutical preparations from Ireland. Imports of cellphones and other household goods fell $3.5 billion. Imports of industrial supplies and materials declined $23.3 billion, reflecting decreases in finished metal shapes and other precious metals. Motor vehicle, parts and engines imports fell $8.3 billion with passenger cars accounting for much of the decline. The front-loading of imports is probably not over. Higher duties for most countries have been postponed until July, while those for Chinese goods have been delayed until mid-August. President Donald Trump's administration had given US trade partners until Wednesday to make their "best offers" to avoid other punishing import levies from taking effect in early July. Imports from Canada were the lowest since May 2021, while those from China were the lowest since March 2020. But imports from Vietnam and Taiwan were the highest on record. Exports rose 3.0 per cent to $289.4 billion, an all-time high. Goods exports increased 3.4 per cent to a record $190.5 billion. They were boosted by a $10.4 billion jump in industrial supplies and materials, mostly finished metal shapes, nonmonetary gold and crude oil. Capital goods exports advanced $1.0 billion, lifted by computers. But exports of motor vehicles, parts and engines fell $3.3 billion, held down by passenger cars as well as trucks, buses and special purpose vehicles. Exports of services increased $2.1 billion to $98.9 billion, lifted by travel, despite reports of decreased tourist visits because of the trade tensions and an immigration crackdown. The United States had record goods trade surpluses with Hong Kong, the United Kingdom and Switzerland. But it had record deficits with Vietnam, Taiwan and Thailand, while the gap with Canada was the smallest since April 2021.
Al Etihad
6 hours ago
- Al Etihad
Zayed Higher Organization for People of Determination and China Disabled Persons' Federation sign Memorandum of Understanding
5 June 2025 17:23 ABU DHABI (ALETIHAD)Zayed Higher Organization for People of Determination (ZHO) has signed an Memorandum of Understanding (MoU) with the China Disabled Persons' Federation (CDPF) during an official visit by a delegation from ZHO to the Federation's headquarters in Beijing, as part of its ongoing efforts to expand international partnerships and enhance the exchange of expertise to serve and empower People of Determination. This step marks a significant milestone toward strengthening international cooperation in the field of supporting and empowering People of MoU was signed on behalf of ZHO by His Excellency Abdullah Abdulalee Al Humaidan, Secretary-General, and on behalf of the Chinese side by Zhou Changkui, Chairman of the China Disabled Persons' Federation. The signing ceremony took place at the Federation's headquarters in the presence of senior officials from both sides and members of the UAE diplomatic mission in Beijing. The atmosphere reflected the strong bilateral relations and the shared appreciation for the vital role played by support institutions for People of new MoU aims to broaden the scope of cooperation between the two entities and foster the exchange of expertise and knowledge in the fields of education, rehabilitation, employment, arts, culture, sports, and all services provided to People of Determination. It includes organising mutual visits for specialists and experts to share best practices, conducting joint workshops and training programmes for professionals in the field, and collaborating on research and innovations related to services and MoU also provides for the exchange of periodic reports on joint activities and performance enhancement through ongoing evaluation, all to further develop services for People of Determination in the UAE and the People's Republic of Excellency Abdullah Al Humaidan, Secretary-General of ZHO, welcomed the signing of the new MoU, and said: 'Renewing[AE1] this MoU reflects our deep belief in the importance of joint work and knowledge exchange in supporting and empowering People of Determination. Our relationship with the China Disabled Persons' Federation is strategic and has already produced successful projects, such as the Emirati-Chinese Sign Language Dictionary – the first bilingual sign language dictionary between the UAE and China. This initiative aims to enable the deaf communities in both countries to communicate, interact, and foster cultural and linguistic understanding.'He added that ZHO looks forward, through this MoU, to opening new avenues of cooperation aligned with the aspirations of our wise leadership and to improving the quality of life for People of Determination. He stressed that international cooperation and the sharing of successful experiences are essential pillars for developing services, especially amid rapid advancements in rehabilitation, employment, and social empowerment technologies. He noted that the MoU paves the way for new joint initiatives based on innovation and shared knowledge, enhancing the sustainability of ZHO's programmes and directly benefiting People of Determination in both Changkui, Chairman of the China Disabled Persons' Federation, affirmed that the MoU builds upon the constructive cooperation between the two parties.'We value the strong relations with Zayed Higher Organization for People of Determination and look forward to further developing them to achieve our shared goals of delivering more inclusive and innovative services. The bilingual dictionary project has been one of the most prominent outcomes of this cooperation, and we look forward to many more achievements in the future.'The visit also featured several cultural activities, including a tour of the Imperial Palace Museum and a sensory experience within a specially designed exhibition for People of Determination. Through such international MoUs, Zayed Higher Organization continues to advance the vision of the United Arab Emirates and the Emirate of Abu Dhabi in serving People of Determination. Zayed Higher Organization seeks to build bridges of cooperation and exchange expertise with all relevant entities locally, regionally, and globally, in pursuit of its mission to ensure the comprehensive empowerment and full inclusion of People of Determination in society. These strategic partnerships with leading international institutions help transfer and localise knowledge and foster innovation in services dedicated to this important segment of society.
