(MENAFN - Khaleej Times) Landmarks across the country were lit up with pictures of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces with Chinese President Xi Jinping to mark their official meeting held in Beijing on Monday.
The visit highlights 35 years of friendship between the UAE and China.
On Monday,Sheikh Mohamedreceived a warm welcome at Great Hall of the People in Beijing, where he was received by Xi Jinping and senior Chinese leaders. Sheikh Mohamed shook hands with senior Chinese leaders, ministers and officials. Also, the Chinese President shook hands with the delegation accompanying Sheikh Mohamed.
The leaders witnessed the signing of 16 memoranda of understanding aimed at developing a comprehensive strategic partnership in different walks of life.
Bilateral relations between the UAE and China on the economic, political and cultural fronts reached new heights as the two countries inked a wide range of agreements with investments running into billions of dollars.
In addition, the UAE-China Economic Forum also began on Monday which saw over 500 people representing public and private sectors in attendance.
Under the agreements signed on Monday, Dubai's Emaar Properties will develop Dh40.5 billion ($11 billion) residential and leisure projects along with Beijing Daxing International Airport over a period of 10 years. Abu Dhabi National Oil Co also signed an agreement with China National Offshore Oil Co for upstream exploration and development, oil refining and LNG trade. Both the companies will share the latest know-how in developing ultra-acidic natural gas fields.
With the UAE and China being top trading partners in the Arab world, Sheikh Mohamed's visit will build on $3.4 billion investment agreements signed in April.
Importantly, the UAE will also be a key partner in China's "One Belt, One Road" initiative due to its strategic location.