Page 15 - Downstream Monitor - MEA Week 34

DMEA
neWs in brief
DMEA
tenants. e footfall to the markets exceeds 200,000 visitors per day and attracts over 500,000 international traders annually.
Sultan Ahmed Bin Sulayem, group Chairman and CEO, DP World, said: “We
are excited to announce this partnership
with China Commodity City to develop the Traders Market. is investment showcases our trade-enabling strategy as we look to catalyse trade and the movement of goods through removing ine ciencies and lowering supply chain costs.”
“We are delighted that CCC has chosen Jebel Ali Freezone as its exclusive investment in the region, highlighting DP World’s ability
to attract trade through its best-in-class infrastructure and emphasising Dubai’s position as the regions premier trading hub,” Bin Sulayem added.
“When we acquired Jebel Ali Freezone
in 2015, our vision was to attract clients
that will not only provide lease income but also bring signi cant origin and destination cargo, promoting Dubai as a trading hub. is transaction helps us achieves this vision. We believe we have found the right partner in CCC, with the relevant expertise and experience to make this project a success. We look forward to a strong and enduring partnership.”
Zhao Wenge, group Chairman, CCC group, said: “ e Middle-East/Africa region is critical for the Belt and Road Initiative (BRI), and we aim to serve this high-growth market through the Traders Market in Jebel Ali, Dubai. We have chosen Jebel Ali for its e cient infrastructure, business-friendly environment and signi cant trade with China. e CCC group has a wealth of experience and a strong reputation for developing
and operating e cient large-scale trading marketplaces. Together with DP World we are con dent this venture will be a success.”
dP WorLd
Week 34 29•August•2019
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