Tag Archives: 2nd Middle East Made-in-Anji Furniture Event 2024

Business & Investments

US$86.7 bn UAE-China trade gets solid boost with the 2nd Middle East Made-in-Anji Furniture Event 2024

Event fosters business collaborations, cultural exchange, and economic growth between Anji County and the GCC region

Date: Dubai, UAE; December 30, 2024

News Highlights

1.     The two-way trade between the UAE and China reached over US$42.4 billion during the first six months of 2024, recording a growth of around 3 per cent, as compared to the same period in 2023;

2.     In 2023, the trade value between the UAE and China reached US$86.7 billion, experiencing a growth of 12.1 per cent compared to the previous year;

3.     China is the largest trading partner of the UAE that last year recorded Dh3.5 trillion (US$952.93 billion) non-oil foreign trade.

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Business & Investments

2nd Middle East Made-in-Anji Furniture Event 2024 to connect Anji’s Furniture Industry with GCC Buyers

The premier trade event will promote business partnerships and cultural exchange between China and the Middle East as UAE furniture traders could benefit from high-quality furnishing solutions made in Anji, China

Date: Dubai, UAE; December 16, 2024

News Highlights

1.     UAE home furniture market is estimated to reach US$2.59 billion in 2024 and further grow to US$3.12 billion by 2029, reflecting a steady growth rate at a compound annual growth rate (CAGR) of 3.79 percent during the forecast period;

2.     An estimated delivery of more than 50,000 residential units including thousands of villas, townhouses and expansive homes need new furnishing solutions and interior décor

3.     Dubai alone is poised to achieve a new milestone in its real estate sector, with an estimated 38,174 new housing units set to be delivered in 2024;

4.     The market expects that the housing supply will increase by approximately 182,000 units in 2025-2026, as a large number of properties that were pre-sold in 2022-2023 will be completed. Of these, approximately 76,000 units are expected to be completed in 2025.

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