On the morning of November 23, 2023, UAE local time, IBI founder and CEO/PresidentQian Xiaojun, together with TDD Vice President/Leader of the Automotive Equipment Industry ChainZhang Wei, signed a tripartite Memorandum of Understanding (MoU) with Shandong Port Overseas Development Group and Abu Dhabi Ports Group at KEZAD Free Zone in Khalifa Port, Abu Dhabi, UAE, witnessed by Shandong Province Vice GovernorSong Junji, Shandong Province Commerce Bureau DirectorChen Fei, and other officials. The three parties reached a cooperation intention regarding cross-border operations for China's automotive equipment industry chain, including imports/exports, transshipments, overseas warehousing, logistics distribution, product exhibitions, and online platforms in the UAE. The signing aims to actively integrate into the Belt and Road Initiative, leverage the strengths of all parties, and establish a new model for outbound cross-border digital supply chain industries.

Abu Dhabi Ports Group is the major operator of ports, economic cities, free trade zones, and logistics businesses in the UAE. It manages numerous ports, industrial areas, logistics centers, and shipping companies in Abu Dhabi, serving as one of the most important pillars of Abu Dhabi's economic development. Its diversified business and ongoing innovation and collaboration provide efficient and reliable products and services for regional and international clients. Shandong Port Overseas Development Group is affiliated with Shandong Port Group and undertakes significant responsibilities for the international development strategies of Shandong Port. Reflecting President Xi Jinping's important directive for Shandong to "accelerate the construction of a world-class maritime port," Shandong Port Group was established in August 2019. By 2022, its cargo throughput exceeded 1.6 billion tons, and container volumes surpassed 37 million TEUs, ranking first globally in cargo throughput and third in containers. It operates 327 container shipping routes connecting over 180 countries and regions worldwide, has established 32 inland ports, and launched 82 sea-rail combined transport container train routes. It has successfully operated overseas projects like Guinea Chalco Boffa and Khalifa Phase II Container Terminal in Abu Dhabi and maintains friendly relations with 40 ports globally.

Abu Dhabi Ports Group Economic Cities and Free Zones CEO Abdullah Al Hameli stated that Abu Dhabi Port, as a vital hub port in the Middle East, boasts a superior geographic location, diverse cargo types, and integrated passenger and freight functions, making it a comprehensive port. Moving forward, Abu Dhabi Ports Group will provide storage land, product exhibition venues, port operations, and other services based on the needs of the three parties' businesses, furthering the sustained development of China’s Belt and Road strategy in the Middle East.

IBI founder and CEO/President Qian Xiaojun commented on the strategic importance of the signing with Shandong Port Group and Abu Dhabi Ports Group. Each party brings irreplaceable advantages to the table, allowing for genuine collaboration to create exemplary cases aligned with the national strategy of "industry clusters + cross-border e-commerce." Since April 25, when the State Council proposed the "industry clusters + cross-border outbound" strategy, IBI has been working alongside Shandong Port Group to build an integrated service platform for cross-border exports from industrial clusters, jointly promoting high-quality development within the Belt and Road Initiative. Through this signing, IBI will continue to leverage its competitive advantages in "platform, technology, and data" and operational capabilities, collaborating with its port partners to conduct overseas collective procurement, online transactions, offline promotions, digitalized warehousing and logistics systems construction, and establishing a permanent digital automotive equipment exhibition hall, forging a new B2B cross-border e-commerce ecosystem for tires, auto parts, and whole vehicles.

The three parties also engaged in extensive discussions centered around the Belt and Road Initiative, collectively expressing their commitment to reducing costs and increasing efficiency for Chinese companies going global, improving the international market share of "Made in China," fostering close collaboration, and fully utilizing each party's respective roles and contributions.