Scotland Hopes to Sign Cooperative Deals with Shenzhen Companies
40 Scottish companies and their delegation are hoping to sign cooperation in Shenzhen, especially in areas of life science, information technology and financial services. In a trade seminar organized by the Scottish Development International.
Alex Salmond, Scotland’s First Minister have already signed a memorandum of understanding with Shenzhen’s Mayor Xu Qin. Both parties agreed to encourage collaboration in areas such as investment, trade and education. The two parties have also reached an agreement to choose a Scottish city to be a sister city of Shenzhen.
Scotland has a diversified and resilient economic environment suitable for investors, that is backed by leading industries such as renewable energy, life science, information technology and financial services. Both cities has a vast potential for deeper collaboration. Shenzhen based Huawei Technologies have recently funded research positions in the fields of information technology with Heriot Watt University and the University of Glasgow.
Scotland have also an excellent research and development expertise and facilities that offers competitive costs. And because of this several innovative Chinese firms are continuing to take advantage of this facilities.already several companies such as the Edinburgh University and China National Center for International Research in Stem Cells signed collaborative agreements.