Emaar Properties said it will jointly implement with Beijing Daxing International Airport an $11 billion project including the five square kilometer land area of the 50 sq. km airport. The move is in line with the visit of His Highness Shaikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, to China.
Mohamed Alabbar, Chairman of Emaar Properties, said, that the project which includes residential and leisure facilities will be completed in ten years. He noted that implementing an Emirati project in China shows the confidence that the company enjoys at the international level.
He also announced that Emaar will open an office on Monday in Beijing under the patronage of Sultan bin Saeed Al Mansouri, Minister of Economy, to enhance the company’s business activities in China. The project is part of a Memorandum of Understanding signed between Emaar and Beijing Daxing International Airport.
