DUBAI: Leading global developer Emaar joins hands with Beijing New Aerotropolis Holdings to develop the Aero-Economic Area of Beijing Daxing International Airport, a statement issued to Dubai Financial Market (DFM) said.

Emaar signed a memorandum of understanding (MoU) with Beijing New Aerotropolis Holdings (BNA) on 23rd July to jointly develop Business and Tourism Complex, integrating retail, entertainment, office, hotel hospitality, convention, sport, art and lifestyle functions in a one stop solution.

The Aero-Economic Area of Beijing Daxing International Airport, the coming largest airport in the world.

Emaar and BNA will work closely to develop diversified collaboration and actively accelerate the share of resources, in order to boost the vigorous establishment of the important Aero-Economic Area.

This collaboration signals that Emaar is very seriously eyeing entering into the mega development of China and leveraging its long experience in building key projects and attractions. This MoU also opens up a new spectrum of opportunity to bring Emaar’s iconic project and premium lifestyle to China.

Emaar is a leading global property developer and provider of premium lifestyles based in Dubai, UAE, and present in 13 countries. Emaar develops master-planned communities and lifestyle destinations on a global level. The group has a land bank of 1.6 billion square feet in the UAE and key international markets. Including Downtown Dubai, Dubai Marina, and the Emaar’s new ground-breaking development, Dubai Creek Harbour.

Meanwhile, Emaar has strong income-generating assets, with over 915,000 square meters of rental income assets and 19 hotels and resorts, including Emaar Properties, Emaar Malls, Emaar Hospitality, Emaar Entertainment. Emaar has also 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 the China-UAE strategic partnership, and is actively exploring the Chinese market in response to The Belt and Road policy.