During the visit of the Crown Prince of the United Arab Emirates to China in July 2019, the partners of Pingchuan Assets signed a "Comprehensive Partnership Agreement" with the Royal Strategic Investment Commission (RSP) of the United Arab Emirates. The two sides plan to cooperate in various fields such as aviation, logistics, free trade park construction, cross-border trade, and tourism.


As a domestic participant in the area of ​​cooperation in the agreement, Pingchuan Assets’ business team, led by Executive Director Mr. Song Qiang, went to Beijing, UAE Embassy in China, on November 18, 2020 to meet with the UAE Counsellor. The two sides have in-depth communication on a number of industrial projects such as aviation, logistics, and cross-border trade, negotiated on project details, and made phased progress.

Affected by the new crown epidemic, the global economy has fallen into a downturn in 2020, but the alleviation of the epidemic in China has driven the recovery of the global economy. Pingchuan Assets seized the opportunity and immediately accelerated the advancement of various projects after the epidemic eased.


In this meeting, the management of Pingchuan Assets first reported the progress of our domestic projects to the Counselor in detail, and exchanged opinions on how to refine and accelerate the cooperation process.


During the meeting, Mr. Song Qiang, Executive Director of Pingchuan Assets, and the Counsellor had in-depth discussions on the following three aspects:
1.China-UAE International Logistics Industrial Park


In accordance with the cooperation agreement signed with the UAE RSP agency, the two parties have established a joint venture company in Abu Dhabi to jointly promote the cooperation projects in the agreement. In order to respond to China's globalization goals and assist the business cooperation between the companies of the two countries, Pingchuan Assets will build a "China-UAE International Aviation Logistics Industrial Park" near the airport of Abu Dhabi and major cities in China.


2. Tianfu Aviation Co., Ltd.
Tianfu Airlines Co., Ltd. was established by Pingchuan Assets. It is the first all-cargo airline in Southwest China and is headquartered in Chengdu, Sichuan Province. Tianfu Airlines is currently preparing international cargo routes, and the project will strongly promote trade between China and Abu Dhabi. Your Excellency the Counsellor said that the UAE Ministry of Economy, Aviation Administration and Abu Dhabi Airport Group are very concerned about the business development of Tianfu Airlines and are willing to give strong support.


3. "One Belt One Road" UAE Commodity Exhibition Hall
Pingchuan Assets plans to build UAE Commodity Exhibition Halls in Yiwu City, Zhejiang Province and Sanya City, Hainan City by virtue of its friendly and cooperative relations with Zhejiang Province and Hainan Provincial Governments. The UAE Commodity Exhibition Hall will regularly promote UAE culture, display UAE products, and build an online and offline platform for China-Arab trade to help the China's strategic goal of "One Belt, One Road"
After listening to the introduction of related projects, the Honourable Counsellor expressed his affirmation and gratitude to the management of Pingchuan Assets for the work done. At the same time, he said that the UAE Embassy in China, as a bridge connecting the two countries, will spare no effort to help the project advance, and expressed his opinion in the near future. He also stated that in the near future, leaders of relevant departments of the Abu Dhabi side will hold special meetings with Pingchuan Assets and RSP Group senior officials to jointly promote cooperation between the two parties.