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UAE: Which Industries To Watch?

February 03, 2020

UAE and China have recently started many initiatives aimed to leverage Emirates position as a key transit point for Chinese exports to African and European countries. One of the key initiatives is setting up a Traders Market in Jebel Ali Free Zone that will create the first smart free zone marketplace in the Middle East for the retail and wholesale industries.

The Traders Market project has set a budget of $150 million and is due by 2021. DP World and China Commodity City (CCC) Group Company will project manage the initiative.

Jebel Ali has already developed a significant trade with China, built efficient infrastructure and business-friendly environment and the Traders Market project will significantly enhance the existing infrastructure and emphasise  Dubai’s position as the regions premier trading hub.

In addition to The Traders Market project, a 2.1 million sqft e-Commerce City is under construction in Dubai that will cost Dh3.2 billion and ultimately promote trading and logistics in the country.

The UAE’s logistics industry is gearing up to take advantage of China’s Belt and Road initiative (BRI), under which projects worth $1.1 trillion are at various stages of development in more than 132 countries around the world.

These projects will emerge UAE as a strong trading hub in Silk Road Economic Belt and the logistics industry will be its major beneficiary.

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