Home / News / UAE / UAE’s Emaar executes $11bln project in Beijing

UAE’s Emaar executes $11bln project in Beijing

Media IN BEIJING 22nd-07-2019

Dubai-based global developer Emaar will jointly implement with Beijing Daxing International Airport an AED40.5 billion (US$11 billion) project including the five square kilometre land area of the 50 sq. km airport.

Alabbar added that Emaar’s success in implementing the project is also a clear sign of the distinguished relations between the UAE and China. “This agreement is the beginning of opening new opportunities in the Chinese market, which is the largest in the world,” he said.

He also announced that Emaar will open an office today in Beijing under the patronage of Sultan bin Saeed Al Mansouri, Minister of Economy, with the aim of enhancing the company’s business activities in China.

The project is part of a Memorandum of Understanding, MoU, signed between Emaar and Beijing Daxing International Airport. BEIJING – Dubai-based global developer Emaar will jointly implement with Beijing Daxing International Airport an AED40.5 billion (US$11 billion) project including the five square kilometre land area of the 50 sq. km airport.

About Admin 02

Check Also

Mansour bin Zayed chairs Mubadala Investment’s Board of Directors meeting

ABU DHABI, 23rd January, 2024 (WAM) His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice …