Sino-UAE Trade Mansion, the first phase of the Sino-UAE Trade Center project, broke ground in Huaian Economic & Technological Development Zone, Jan. 18.
With an investment volume of 500 million US dollars, the Sino-UAE Trade Center covers a floor area of 40,000㎡ and contains a hotel, a shopping mall and apartment buildings. The project is an investment of the Bin Zayed Group of the United Arab Emirates (UAE), and is expected to be put into operation in the second half of 2019.
Headed by Sheikh Mohammed bin Zayed Al Nahyan, a member of the Abu Dhabi royal family, the Bin Zayed Group is a leading enterprise in the Middle East.
UAE is the first country among the Gulf Arab states to establish strategic partnership with China. It plays important role in the Belt and Road Initiative. The Sino-UAE Trade Center project in Huaian is the first real economy industrial park in China by the Bin Zayed Group, and will serve as a bridge between China and UAE.