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The 2024 China-Arab Entrepreneurs Summit is held in Abu Dhabi. [Photo/jiaxingren.com]

The 2024 China-Arab Entrepreneurs Summit, held in Abu Dhabi, featured Shi Jihong of the Newcomer Corp delivering a keynote speech on the global AI industry brain for consumer goods.

This summit also set the stage for the signing of the Dubai International Consumer Products Expo (DICPE) agreement between Mohammed Al Ameri, vice-president of Jebel Ali Free Zone Trader Market Development and Operation FZCO, and Shi, marking a collaborative effort to establish a China-Arab trade platform.

DICPE, an event at Dubai's Yiwu Market, will invite Chinese enterprises to showcase their products take advantage of international business opportunities. The expo is a strategic initiative, aligning manufacturers, suppliers, and consumers to propel the global consumer goods sector.

The Yiwu Market in Dubai, managed by Jebel Ali Free Zone Trader Market Development and Operation FZCO, is a hub for trade, storage, and logistics, strategically positioned to access consumer markets across the Middle East, North Africa, and West Asia.

Established in 1998, Newcomer Corp from Pinghu, a county-level city of Jiaxing, Zhejiang province, specializes in luggage manufacturing and marketing, with a robust industrial chain and its own brands. Embracing digital transformation, the company has been instrumental in creating a global manufacturing ecosystem for luggage.

Amidst a global slowdown in consumer goods, the establishment of a global AI industry brain promises to streamline the industrial chain, ensuring efficient order processing and distribution, overcoming geopolitical challenges, and revitalizing the global consumer goods trade.

The DICPE will play a pivotal role in this vision, leveraging the UAE's economic integration to drive innovation and growth in the consumer goods industry worldwide.