Agreement between the UAE and China to establish a huge "market for traders" in Dubai

DP World and a Chinese group sign an agreement to create a huge "market for traders" in the Dubai free trade zone, before Chinese President Xi Jinping's visit to Abu Dhabi

DP World will sign an agreement with Zhejiang China Commodotes Citigroup has built a 3 square kilometer "trader market" in the Jebel Ali Free Trade Zone in Dubai, the largest free trade area in the Middle East.

The UAE group said Thursday that the market would include The world includes various goods under one roof, including drinks, jewelry and building materials.

(DPA) said that it aims to support the "Belt and Road" initiative launched by the Chinese government aimed at creating a new "Silk Road" for world trade, in particular by linking China to Europe.

"This will help builders take advantage of Dubai's strategic position as a hub of trade and boost trade in GCC, the Middle East, Africa and the Indian subcontinent.

The unveiling of the market comes after the announcement of Emaar Properties (19659004) and the Chinese President begins the process Thursday is a two-day visit to the UAE, which will also include Senegal, Rwanda and the United Arab Emirates. South Africa

China is the UAE's largest trading partner According to Abu Dhabi statistics, the volume of non-oil trade between the two countries in 2017 was about 53, $ 3 billion, Chinese exports accounting for 90% of them

The last visit of a Chinese president to the United Arab Emirates in 1989, when the late President Yang Shangkun visited the United States. State of the Gulf, followed by a visit to China from the presidency outgoing tooth of the United Arab Emirates, Sheikh Zayed Bin Sultan Al Nahyan in 1990.