Emaar to develop Aero-Economic Area of Beijing Daxing Airport

Dubai-based developer Emaar has signed a memorandum of understanding (MoU) with Beijing New Aeropolis Holdings to jointly develop a business and tourism complex within the Aero-Economic Area of Beijing Daxing International Airport, set to be the largest airport in the world.

The deal was signed at a ceremony held at the China National International Convention Centre.

Emaar and Beijing New Aeropolis Holdings will work closely to drive diversified collaboration and actively accelerate the share of resources to boost the establishment of the important Aero-Economic Area.

Emaar is a leading property developer and provider of premium lifestyles based in Dubai, UAE, and is present in 13 countries. Emaar develops master-planned communities and lifestyle destinations in several high-growth markets globally. The group has a land bank of 1.6 billion-sq-ft in the UAE and key international markets.

Emaar has built many landmark projects in the Middle East, North Africa, the United States, Europe and South Asia, which deliver ideal lifestyles. The group also plays an important role in driving China-UAE strategic partnership, and is actively exploring the Chinese market as part of the Belt Road Initiative. - TradeArabia News Service