JOCIC Park and XCMG, Partnership for Global Expansion
China-UAE Industrial Capacity Cooperation Demonstration Zone
Dedicated to industrial cooperation between China and the UAE.
Date: June 7th, 2024
Xuzhou Construction Machinery Group (XCMG) has taken a significant step toward enhancing its global presence by signing a cooperation agreement to enter the JOCIC Park. The cooperation agreement was signed during the visit of XCMG Chairman Yang Dongsheng to JOCIC Park, where he was warmly received by Zou Yonggang, CEO of Jiangsu Overseas Cooperation and Investment Co., Ltd (JOCIC).
In discussions held during the visit, Yang Dongsheng stated that the UAE, situated at the crossroads of Europe, Asia, and Africa, holds strategic importance for XCMG Group in optimizing its global market presence. The agreement includes the establishment of a service company within JOCIC Park, with plans for a maintenance and warehousing base to follow. This initiative underscores XCMG's commitment to strengthening its operations and market presence in the region.
Zou Yonggang stated that the JOCIC Park, serving as an important platform for Chinese enterprises to go global, will spare no effort in offering comprehensive services to foster mutual growth with the enterprises operating within JOCIC Park.