Reinforcing Dubai’s status as a global trade hub, Yiwu Market opens doors to the public
The 2.15 million square feet market is a partnership between DP World and China Commodity City Group Yiwu Market will give international traders and businesses
Dubai Traders Market will span approximately 800,000 square metres, with Yiwu Market covering about 200,000 square metres.
Built with the trader at the very heart of its concept, the goal of this Dh600 million investment is to create the first smart free-zone marketplace in the Middle East, for the retail and wholesale industries.
Yiwu Market will enable traders and businesses from across the globe access wholesale discounts with minimised supply chain costs and turnaround times by leveraging Dubai’s central location, DP World’s decades of logistical expertise along with the insights from the world’s largest wholesale market— the Yiwu China Commodities City, which consists of over 75,000 showrooms, with 2.1million kinds of products.
To replicate the success of Yiwu Market China, in the GCC, a part of the team was especially flown in from Yiwu Market China, under the leadership of Mr Qiuming Zhang, who was previously the General Manager of two wholesale markets invested by CCC (Yiwu International Production Material Market, and LiaoNing Xiliu Yiwu China Commodities City, with 5800 and 6124 showrooms respectively).
Once completed, by the end of 2021, Yiwu Market UAE will establish a dedicated international logistics line between Dubai Yiwu Market and China Yiwu Market, to allow Chinese goods to enter Dubai expeditiously at competitive costs for seamless distribution across the Middle East, Africa, the Mediterranean and Europe.
Read more : gulfnews.com
The 2.15 million square feet market is a partnership between DP World and China Commodity City Group Yiwu Market will give international traders and businesses
Through exemptions in management fees and reduced product prices, the first phase of the Dubai Traders Market will serve as a launch pad for its tenants.