Industry: Industry Region: United Arab Emirates Transaction Price: $1 million Transaction method: Equity investment
Overview of the park
Ajman China Town, also known as Middle East Trade and Logistics Park, is located in the free zone of the Emirate of Ajman, United Arab Emirates, which was founded in 2009 and opened in October 2010. In 2014, Hunan Boshen Industrial Group officially launched the investment in Ajman Chinatown project, successfully building an all-weather super-large Middle East China commodity wholesale procurement and trading center integrating investment, construction and operation.
Progress in park planning and construction
The total area is 2 square kilometers, the first phase covers an area of 0.28 square kilometers, the operating area is 0.12 square kilometers, including 0.08 square kilometers of business exhibition venues and 0.04 square kilometers of warehousing and logistics warehouses; smart office incubators area of 0.06 square kilometers. The second phase of Ajman Chinatown is also under active preparation, with a planned area of 0.53 square kilometers in the second phase, equipped with supporting apartments, offices, hotels and cultural plazas, and strives to build a new commercial complex integrating business, housing, travel, tourism and entertainment before the 2020 Dubai World Expo.
Industrial positioning and supporting services of the park
Ajman China Town is the largest foreign-funded project in the Ajman Free Zone and the largest project for Chinese enterprises to invest, build and operate in the UAE. Through this project, the Ajman Free Zone government directly obtains an annual land, visa and license income of more than 50 million US dollars, pays a total of 45 million US dollars in customs duties and value-added tax to the host country, creates an average daily output value of 06 million US dollars, and employs more than 10,000 people, effectively promoting the local economic development of the UAE. Since 2018, the UAE has introduced a 5% value-added tax, 80% of enterprises in the cooperation zone are required to pay value-added tax, the trade volume is expected to reach 2.5 billion US dollars, and it is expected to pay about 250 million US dollars of VAT and customs duties to the local government.
Park construction development model and experience summary
It reached a consensus of "investment, construction and operation" with the Ajman government, not aiming to be "short, flat and fast", and constantly enriched and improved according to actual needs and practical experience. Adhere to the local roots of the project and the high level of localization; The cooperation zone actively fulfills its social responsibilities, adheres to the concept of consultation, co-construction, sharing and win-win, and operates in accordance with the law; Adhere to green and low-carbon development; Adhere to security and stability as the first priority.
The park participates in the planning and planning of the "Belt and Road" construction
The UAE is located in the Persian Gulf, is an important country along the "Belt and Road", is an important transportation hub in West Asia and North Africa, Ajman China Town is the Chinese business card of Ajman and even the UAE, creating a Chinese investment brand and establishing a Chinese investment image. The success of the cooperation zone will further enhance the influence of the "Belt and Road" strategy in the Middle East, and greatly promote the implementation and integration of the "Belt and Road" strategy in West Asia and North Africa.