ITG RESOURCES FZCO

On September 22th, 2023, Xiamen ITG Group established ITG RESOURCES FZCO (hereinafter  referred to as "ITG FZCO" ) in Dubai,  United Arab Emirates, with POINTER INVESTMENT (H.K.) LIMITED as the investor holding 100% of the shares and a registered capital of 5 million dirhams, mainly to develop ferrous metals, coal, oil and gas, pulp and paper, agricultural products, textile and other bulk commodity businesses in the Middle East.

On December 1st, 2023, ITG FZCO officially held an opening ceremony in Dubai. This is the first subsidiary company established by Xiamen ITG Group in a "BRICS+" member country. As an important hub of Xiamen ITG Groups overseas strategic layout, ITG FZCO will seize the development opportunities of "the Belt and Road" and rely on the UAEs unique resources, trading hub status and excellent business environment to focus on overseas re-export trade and import and export trade of bulk commodities. The main business direction is to use this subsidiary as a base to radiate to the Middle East, North Africa, Europe  and  even  the  global  market. By integrating domestic and overseas resources,  it will provide higher-quality comprehensive industrial ervices to partners and promote the operation of international industrial chain.

Core Business

Since 2021, Xiamen ITG Group Corp., Ltd. (hereinafter referred to as "ITG Group") has been expanding its steel business in the UAE. Currently, its business scope has extended from the UAE to Saudi Arabia, Jordan, Oman, Iraq, and other GCC and Middle Eastern countries, as well as Southeast Asian countries such as Thailand, Cambodia, and Indonesia. The company has initially achieved cross-regional collaborative development along the "the Belt and Road" initiative. 

Using the UAE as a strategic hub, ITG Group has established a dual-engine model for its global steel business. On one hand, leveraging the UAE platforms strong foothold, the company actively engages in steel exports to stockists and end customers in the Middle East, expands re-export business of steel to third countries, and strengthens global resource allocation. On the other hand, the company is deeply integrated into local development, collaborating with local enterprise partners to undertake local real estate and infrastructure delivery projects, providing high-quality and efficient Chinese supply chain capabilities to support urban development.

In addition to steel trading, the company also deals with a diverse range of products such as coal, wood pulp, paper, agricultural products, oil, and tires. In the agricultural sector,  ITG Group has sourced products such as rapeseed meal, rapeseed cake, rapeseed oil, and crude rapeseed oil from the UAE, with cumulative procurement reaching nearly 300,000 tons and a trade value of approximately 1.1 billion RMB. This has contributed to accelerating the export of agricultural products from the UAE, making the company a significant participant in the agricultural trade between China and the UAE. In the tire sector, the tire factory operated by  ITG Group has maintained stable export orders to the UAE, with monthly tire sales reaching 1,000 to 2,000 units and monthly sales revenue of about $120,000.

Contact us