EMAAR to Develop Middle East’s Largest ‘Chinatown’
EMAAR, UAE’s leading developer, announced on the eve of Chinese president Xi Jinping’s visit to the UAE that they plan to develop Middle East’s largest ‘Chinatown’ at Dubai Creek Harbour’s retail sector.
Emaar is confident that this mega development will further uphold relations between China and the UAE.
Emaar also stated that this retail division “will occupy a central location within Dubai Creek Harbour” and create dining, entertainment and shopping experiences that will largely appeal to the Chinese. Additionally, Emaar is planning to open three promotional pavilions in Beijing, Shanghai and Guangzhou in China all of which have direct flights to Dubai via Emirates Airlines.
These offices will encourage tourism, education, trading and investments between UAE and China.
In another official statement, Emaar announced that it will expand its Address Hotels + Resorts to major cities in China.
Mohamed Alabbar, chairman of Emaar Properties, said, “The visit of Chinese President Xi Jinping to the UAE is historic and will further strengthen UAE-China relations, underpinned by initiatives such as the UAE-China Week announced by His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai.”
“The UAE and China share strong bilateral trade and cultural relations, which are bolstered by the presence of over 200,000 Chinese citizens who live in the UAE and the hundreds of thousands of Chinese visitors that the nation welcomes annually.”
“The development of the new Chinese retail and lifestyle district at Dubai Creek Harbour – as well as Emaar’s expansion into China, both in property and hospitality – highlight our commitment to the country, and our focus on contributing to the strength and success of UAE-China relations.”
According to recent studies, China is the fourth largest visitor to Dubai, including tourists and corporate travelers at 400,547 between January 1 and May 31, 2018, recorded at nine percent growth over the same period in 2017.
One of the major contributing factors of the increase in this figure was UAE’s efforts to provide visa-on-arrival status to Chinese tourists in 2016, according to a statement from Dubai Tourism authority.
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