Saturday 30 May 2020

Dubai Wholesale City eyes Chinese investors

DUBAI, October 22, 2016

Dubai Wholesale City, one of the largest wholesale hubs in the world, is organising a visit to China to discuss potential partnerships and also highlight the business opportunities available within the facility.

A high-level delegation headed by its chief executive Abdulla Belhoul, will hold meetings with government and private organizations in a number of major cities, including Yinchuan, Yiwu, Shanghai, and Beijing and introduce them to the facility and also seek ways to enhance cooperation and future relations.

It also plans to sign a number of partnerships and MoUs with local and regional authorities in a number of Chinese provinces.

China is an important trade partner for Dubai, with trading volumes reaching Dh79 billion ($21.5 billion) in the first half of 2016.

Dubai Wholesale City will participate in several trade fairs and events to highlight the key components of the city and the added value that it offers businesses in the wholesale trade sector.

Belhoul said: "China is the cornerstone of our strategy at Dubai Wholesale City, as it has the potential to drive our continuous expansion and development. Our goal is to explore opportunities for collaboration and to develop relations with Chinese government entities and businesses, with a focus on the mutually beneficial investment opportunities."

“The UAE is a gateway for 60 per cent of Chinese trade with the region. Dubai Wholesale City is the perfect choice for Chinese businesses wanting to access the Middle East and Africa, due to its strategic location, which provides easy and quick access to the region's markets and the availability of world class infrastructure and logistical support,” he added.

Spanning over 550 million sq ft area, Dubai Wholesale City is a fully-integrated trading hub that has been set up to meet the needs of the local and international wholesale trade sector.

The destination intends to become the world’s leading wholesale trading hub and strengthen the UAE’s position as a pivotal market in global trade. In its first phase, it will serve the food, construction materials, electronics, furniture, machines and equipment, wood, cars, spare parts, and textile and clothes sectors.

The new project is just 10 minutes away from Al Maktoum Airport and Jebel Ali Port.-TradeArabia News Service

Tags: China | investors | Dubai Wholesale City |

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