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Emaar, China’s BNA ink MoU for aero-economic area development

Emaar, China’s BNA ink MoU for aero-economic area development
Emaar now operates in 13 countries with a land bank of 1.6 billion square feet
Emaar
EMAAR
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Dubai – Mubasher: Dubai-based global developer Emaar Properties has signed a memorandum of understanding (MoU) with Beijing New Aeropolis Holdings (BNA).

The agreement was signed on Thursday at a ceremony held at the China National International Convention Centre, according to a press release.

Under the MoU, Emaar and BNA will work jointly to develop a business and tourism complex, integrating retail, entertainment, office, hotel hospitality, convention, sport, art and lifestyle functions in a one-stop solution within the Aero-Economic Area of Beijing Daxing International Airport.

Emaar, listed on the Dubai Financial Market (DFM), now operates in 13 countries with a land bank of 1.6 billion square feet in the UAE and key international markets.

It is worth noting that the Emirati group plays a key role in boosting China-UAE strategic partnership, as well as exploring the Chinese market under the Belt Road Initiative.