Grant Thornton, a leading professional services firm, announced the launch of its China desk as part of its UAE operations to facilitate, plan, and manage cross-border business expansions between China and the Middle East.
The introduction of the new vertical aims to support the increasing demand from clients across various sectors, driven by the significant growth in trading activity in response to the strengthening bilateral relations between China and the UAE. Led by seasoned professional and Advisory Director Alex Tsui, Grant Thornton UAE’s China Desk comprises Mandarin-speaking experts who serve as the primary point of contact across Audit, Advisory, Tax and Business Process Solutions for prospective clients in China and the Middle East. The China Desk will seamlessly connect these clients with the relevant teams across Grant Thornton’s global network and the local offices in the Middle East region.
UAE non-oil foreign trade of goods and services, surpassed AED3.5 trillion in 2023, with non-oil trade with China increasing by 4.2 per cent. Bilateral trade between the UAE and China is expected to reach USD 200 billion annually by 2030. The UAE is home to more than 6000 Chinese businesses operating in key sectors such as trade, logistics services, transport, financial and insurance activities, real estate, energy, and renewable energy.
Grant Thornton’s deep understanding of the Middle East’s business landscape along with expert insights into Chinese business practices, will enable its clientele seeking to enter these new markets to navigate the complexities of these markets, assisting them in achieving strong, sustainable results.
Hisham Farouk, CEO, Grant Thornton UAE, said: “We are excited to launch the China desk in the UAE to support the specific needs of Chinese and Middle Eastern businesses and foster their path to global success. China remains the UAE’s largest trading partner globally and we are delighted to contribute to furthering this economic relationship. Our multidisciplinary teams are equipped to deliver exceptional outcomes and I am confident that the team led by Alex Tsui will bridge the two cultures and deliver phenomenal growth for our clients.”
Alex Tsui, Advisory Director, Grant Thornton UAE, commented: “In the era of strengthening UAE-China trade ties, I am delighted to lead the China Desk at Grant Thornton UAE. As we witness the surge in investment opportunities, our dedicated team stands ready to navigate the intricate paths of cross-border business, ensuring our client’s expansion goals thrive in dynamic business environments.”
The new China Desk at Grant Thornton is a remarkable milestone in the organisation’s pioneering legacy of providing enhanced client experience, with an ever-expanding suite of services and offerings.
About Grant Thornton:
Grant Thornton UAE was founded in 1966 and is one of UAE’s leading assurance, advisory, and tax firms dedicated to serving the needs of privately held businesses, public interest entities, and family-owned businesses. With offices in Abu Dhabi, Dubai and Sharjah and considerable experience across many fields, Grant Thornton develops tailored solutions for clients in financial services, and the public sector, as well as those in the energy, hospitality, leisure, real estate, construction, retail, transportation, logistics, defence, manufacturing, and telecommunications industries, among others.
As part of the global Grant Thornton network which entails over 73,000 professionals in member firms in 150 markets, Grant Thornton UAE combines a strong local presence and global scale, with a goal to help organisations achieve sustainable growth and success in a fast-changing business landscape.
