DP World and Zhejiang China Commodity City Group (CCC) launch the first phase of Dubai Traders Market
The Yiwu Market will enable traders and businesses access wholesale discounts
Traders Market is expected to act as “the first smart freezone marketplace in the Middle East for the retail and wholesale industries”, and will allow international traders to procure items in bulk at wholesale prices.
Commenting on the development, DP World’s group chairman and chief executive officer, Sultan Ahmed bin Sulayem, said: “We are excited to announce this partnership with [CCC] to develop the Traders Market.”
“This investment showcases our trade-enabling strategy as we look to catalyse trade and the movement of goods through removing inefficiencies and lowering supply chain costs.”
Remarking on the JV, CCC’s group chairman, Zhao Wenge, added: “The Middle East and Africa region is critical for the Belt and Road Initiative, and we aim to serve this high-growth market through the Traders Market in Jebel Ali, Dubai.”
Original article : https://www.constructionweekonline.com/projects-and-tenders/258053-work-on-dp-world-cccs-jafza-traders-market-to-begin-in-q419
The Yiwu Market will enable traders and businesses access wholesale discounts
Share on facebook Share on twitter Share on linkedin DP World has entered a 70/30 joint venture partnership with Zhejiang China Commodity City Group (CCC