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His Highness Sheikh Mohammed Bin Rashid Al Maktoum, UAE Vice President & Prime Minister and Ruler of Dubai, Mr Mohamed Ali Alabbar (sitting right), Chairman, Emaar Properties, and Mr Chen Ming Ren, Legal Representative and General Manager of Shanghai China-News Enterprise Development Limited |
- Agreement signed in the presence of
His Highness Sheikh Mohammed - Strategic partnership to explore project development in China
- Mr Alabbar and Mr Chen sign deal in Shanghai
Emaar Properties PJSC, the Dubai-based property developer, has signed a Memorandum of Understanding with the Shanghai China-News Enterprise Development Limited, a Chinese government entity and subsidiary of the People’s Daily Shanghai branch, to explore mixed-use property and infrastructure development projects in key Chinese cities In one of the first high-level Sino-UAE public-private partnerships,
The agreement was signed in the presence of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, UAE Vice President & Prime Minister and Ruler of Dubai, by Mr Mohamed Ali Alabbar, Chairman, Emaar Properties, and Mr Chen Ming Ren, Legal Representative and General Manager of Shanghai China-News Enterprise Development Limited. His Highness Sheikh Mohammed is currently on a state-visit to China.
The strategic partnership between Emaar and Shanghai China-News Enterprise Development Limited marks one of the first public-private partnerships between the Chinese government and Dubai’s leading property developers, highlighting the increasing global role played by Dubai companies. It also reiterates Emaar’s expansion plans to China. Emaar had earlier marked a milestone in its expansion plans by being the first Middle East developer to open a full-fledged office in China in 2006.
