Looking to Asia, Africa, and Europe, Building New Blue-Ocean Markets - Chairman Wang Dawu Leads Three-Country Business Mission

This mission connected three core regions: Dubai, the financial hub of the Middle East; Morocco, a major economic and cultural center in North Africa; and Spain, a leading European center of commerce and the arts. Centered on the multi-faceted goals of strengthening government–business collaboration, engaging overseas Chinese entrepreneurs, leveraging academic partnerships, and conducting on-the-ground market exploration, the delegation sought new opportunities for international cooperation through site visits, high-level meetings, and targeted business matchmaking, building a solid bridge to help Wenzhou entrepreneurs expand into overseas markets and pursue sustainable growth.

Dubai: Overseas Chinese Networks Build Bridges, Deepening Industrial Cooperation

In Dubai, the economic and financial center of the Middle East, the delegation focused on integrating overseas Chinese business resources and deepening industrial cooperation. They paid special visits to the Zhejiang Overseas Chinese Federation in the UAE and the Wenzhou Chamber of Commerce in the UAE, holding in-depth discussions with overseas Chinese business leaders on topics such as market trends in the Middle East, the current operations and development of Wenzhou businesses in the UAE, and how chamber platforms can better serve enterprises. The two sides reached a consensus on building service channels to help hometown enterprises establish a presence overseas and on promoting more united, coordinated development among Wenzhou entrepreneurs.


During the visit, the delegation also toured Mehao Medical Holdings Co., Ltd. and JTC Holdings Group, and carried out an on-site visit to the Dubai International Financial Centre (DIFC). At a thematic roundtable titled "Deepening Our Presence in Dubai, Co-Creating the Future," the delegation gained a detailed understanding of DIFC's competitive advantages in areas such as tax incentives, legal protections, and regulatory services, as well as its unique value in intergenerational wealth succession, Islamic finance, and the development of investment channels into Middle Eastern markets. These insights provided valuable reference for Wenzhou enterprises seeking to leverage international financial platforms to expand their business across the region.

Morocco: Government–Business Engagement for Win–Win Cooperation, Opening a New Silk Road Chapter

In Morocco, the mission centered on deep government–business engagement. Senior officials of the Moroccan Investment and Export Development Agency, led by Mr. Youssef and his team, warmly received the delegation. During the talks, Chairman Wang Dawu provided a comprehensive overview of Wenzhou's high-quality economic and social development and the industrial strengths of Wenzhou enterprises, shared Fuda Alloy's development journey, and put forward cooperation proposals to deepen trade ties and enhance industrial complementarity between Wenzhou and Morocco. Both sides held extensive discussions on key topics such as the investment environment, industrial needs, and cooperation pathways, and reached a broad consensus on future collaboration.

The delegation took a group photo with the team from the Moroccan Investment and Export Development Agency

Reflecting on the visit, Chairman Wang Dawu summarized his impressions in five key words – "gratitude, inspiration, entrepreneurship, innovation, and learning" – and set clear expectations for Wenzhou enterprises going global.

• First, he called on entrepreneurs to remain true to their original aspiration, carry forward the pioneering spirit for which Wenzhou businesspeople are known, and approach emerging overseas markets with the vigor of a "second venture" to open up new space for development.
• Second, he emphasized the importance of maintaining a learning-oriented attitude, actively drawing on international best practices in institutional innovation, business models, and industrial upgrading to broaden their global perspective.
• Third, he urged enterprises to maintain a strong focus on execution by transforming what they have seen, heard, thought, and learned during the mission into concrete initiatives that promote enterprise transformation and upgrading and expand their presence in international markets, ensuring that the results of the visit are effectively implemented.

Spain: Academic Learning Clarifies Direction and Inspires Industrial Upgrading

In Spain, the delegation focused on academic engagement and exchanges in the cultural and tourism sectors. They visited IE Business School in Madrid, one of Europe’s leading business schools, for a dedicated seminar with faculty on cutting-edge topics such as geopolitics and the global economic landscape, as well as development trends in digital currencies. Representatives of Wenzhou's business community listened attentively and engaged actively, raising questions on issues such as geopolitics and digital finance in the context of corporate internationalization. Their participation demonstrated the diligence, pragmatism, and forward-looking mindset of Wenzhou business leaders.

Drawing on Spain's experience in developing its cultural and tourism industries, the delegation also explored topics such as integrating Wenzhou’s distinctive local industries with cultural and tourism development and strengthening overseas brand promotion. These exchanges provided new perspectives and ideas for the transformation and upgrading of related industries in Wenzhou.



Over the 15-day, three-country business mission, the schedule was compact, the agenda pragmatic, and the results substantial:

1. Industrial capital deployed with greater precision
Several enterprises reached preliminary intentions on overseas investment, helping Wenzhou businesses shift from fragmented, stand-alone investments to more coordinated deployment along the industrial value chain, thereby accelerating their global expansion and enhancing overall competitiveness.

2. Deep integration of intellectual resources
The delegation and IE Business School reached consensus on enhancing the global competencies of entrepreneurs and will actively explore the establishment of long-term cooperation mechanisms, injecting sustained intellectual momentum into the development of the Wenzhou business community.

3. Acceleration of a cross-border ecosystem
Multiple channels for engagement were established, and a more robust collaborative network was put in place, supporting an upgrade in overseas market expansion from "single-point connections" to "ecosystem co-creation."

This mission not only deepened ties between Wenzhou entrepreneurs and overseas Chinese communities and industry and commerce organizations in the Middle East, North Africa, and Europe but also provided Fuda Alloy with valuable insights and resources to accelerate its globalization strategy.

Leveraging platforms such as industry and commerce organizations and overseas Chinese business networks, Fuda will continue to integrate internal and external resources, unwaveringly advance its "3+3+3+X+N" tiered strategic layout, and turn the outcomes of this mission into concrete drivers of growth. In doing so, Fuda will contribute strong momentum to building Wenzhou into a leading hub of advanced manufacturing with global competitiveness.