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
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 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.