The Dh40.5 billion project of Emaar in Beijing
A general look at the legendary property developer “Emaar”
As you probably know, Emaar is the giant property developer based in Dubai. Emaar is highly famous for its legendary developments in Dubai and other parts of the world. For instance, the tallest tower in the world- Burj Khalifa- is the architectural masterpiece of this reputable company. As well as that, Dubai Fountain and Dubai Mall are other incredible developments of Emaar.
Emaar was founded in 1997 and has been developing extraordinary buildings since then. Apart from Dubai, Emaar has created incredible buildings in other parts of the world. For example, it has changed the appearance of North American and European cities for the better.
The mega project of Emaar and the Daxing Airport of Beijing
However, the nub of the argument is the partnership of Emaar with Beijing Daxing International Airport. In fact, they will implement a project worth Dh40.5 billion ($11 billion). It includes five square kilometer land area of the 50 sq.km airport.
Also, it should be said that His Highness Sheikh Mohamed bin Zayed Al Nahyan will be in China to visit the mega project of Emaar. He is Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces.
Mohamed Alabar, the chairman of Emaar, in a statement pointed out that the project will be finished in ten years. Also, he said that the implementation of Emaar’s project in another country like China shows the confidence that Emaar has gained at the international level.
Besides, Alabbar noted that the success of Emaar in this project indicates the special relation between China and the UAE. He believes that this partnership will open new opportunities in the world’s largest market “China”.
As well as these, Alabbar announced that Emaar is planning to open an office in Beijing. Actually, the office will be under support of Sultan bin Saeed Al Mansouri who is the Minister of Economy. Moreover, it should be said that the goal of it is to increase the business activities of Emaar in China.
This project is a part of the agreement between Emaar and Beijing Daxing International Airport. It is called Memorandum of Understanding “MoU”.
Emaar is one of the largest real estate developers in the world. It has developed a large number of incredible buildings not only in the UAE, but also in other Middle-eastern countries. In addition to this, other parts of the world like Europe and North America owe their beautiful appearance to this reputable company.
This time, Emaar has come up with a mega project in Beijing partnering with Beijing Daxing International Airport. Mohamed Alabbar, the chairman of Emaar, is of the opinion that this project is a sign of special relation between the UAE and China. Also, he believes that this partnership will enhance the business activities of Emaar in China that is the world’s largest market.
*some of the information of this article was based on the report of Khaleej Times website.