DUBAI: People’s Republic of China‘s Ambassador to UAE, Chang Hua, said that Nakheel’s recently announced, 11 million sqft Dragon City project in Dubai will boosting trade links between the UAE and China.
Hua’s comments came during a visit to Nakheel’s Dubai headquarters, where large-scale models of Dragon City and other new Nakheel projects are on display. The projects were endorsed by His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice- President and Prime Minister of the UAE and Ruler of Dubai, last week.
Nakheel chief executive officer Sanjay Manchanda, said: “Dragon City will build on the phenomenal success of Dragon Mart. We are creating a vast, mixed-use community that will open up more opportunities for trade between the UAE and China, and provide new facilities for Dubai’s residents and visitors, including the growing Chinese population here.” Dragon Mart already the largest Chinese trading hub outside mainland China is to undergo a 6.5 million sqft extension with retail and residential components. The expansion includes a 2.2 million sqft retail complex with nearly 1.3 million sqft of leasable space; a two-tower residential component with 1,120 one and two bedroom apartments; and a 250-room hotel. This new expansion project complements the existing, 2.95 million sqft Dragon Mart extension which includes a mall, car park and hotel. Dragon City will eventually span 11 million sqft.
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