Beijing, China; May 30, 2019: At a ceremony held at the China National International Convention Centre, Dubai-based global developer Emaar today signed a memorandum of understanding (MoU) with Beijing New Aeropolis Holdings (BNA) to jointly 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, which is set to be the largest airport in the world.
Emaar and BNA 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 global 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 square feet in the UAE and key international markets.
In addition to Downtown Dubai – home to Burj Khalifa and The Dubai Mall, which are among the worldˊs most popular attractions; Dubai Marina, one of the Middle East regionˊs largest waterfront developments; and Emaarˊs new ground-breaking development, Dubai Creek Harbour, Emaar has strong income-generating assets, with over 915,000 square metres of rental income assets and 19 hotels and resorts, under its different businesses – Emaar Development, Emaar Malls, Emaar Hospitality Group and Emaar Entertainment.
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.
About Emaar Properties PJSC:
Emaar Properties PJSC, listed on the Dubai Financial Market, is a global property developer and provider of premium lifestyles, with a significant presence in the Middle East, North Africa and Asia. One of the world’s largest real estate companies, Emaar has a land bank of 1.6 billion sq ft in the UAE and key international markets.
With a proven track-record in delivery, Emaar has delivered over 51,800 residential units in Dubai and other global markets since 2002. Emaar has strong recurring revenue generating assets with over 915,000 square metres of leasing revenue generating assets and 19 hotels and resorts with 3,939 rooms. Today, around 40 per cent of the Emaar’s revenue is from its shopping malls & retail, hospitality & leisure and international subsidiaries.
Burj Khalifa, a global icon, and The Dubai Mall, the world’s largest shopping and entertainment destination, are among Emaar’s trophy developments. Emaar has now launched, Dubai Creek Tower, a magnificent icon that will serve as the centrepiece of the Dubai Creek Harbour development, as well as Dubai Square, the retail metropolis of the future.
About Beijing New Aeropolis Holdings Company Limited:
Beijing New Aeropolis Holdings Company Limited (Below as BNA) was established on 23 October 2012 through the joint investment from SASAC (State-owned Assets Supervision And Administration Commission) and Beijing Economic and Technological Investment And Development Corporation. BNA holds the corporate mission of “Serving New Airport. Establishing New Aeropolis.” BNA put their focus on Community Public Facility as their core capability, while expanding their reach to business operation service and financial investment service, in the pursuit of “One Core Two Wings” business model, to be the internationally pioneering aeropolis operator for future.
About Beijing Daxing International Airport:
Beijing Daxing International Airport covers a geographical area of 150 sq. kilometers, within which 100 sq. kilometers in Hebei and 50 sq. kilometers in the capital. As the core development platform of Beijing Daxing International Airport Aero-Economic Area (Beijing section), BNA put forward six visionary planning strategies for the Area: Accessibility Excellence Interconnecting Aviation and Railway, Cultural Excellence Expressing Chinese Uniqueness, Interaction Excellence Embracing The Whole World, Innovation Excellence In Aero-Economy, Brand Excellence With Outstanding Imagery, Lifestyle Excellence Through Ecological Intelligence.
For more information:
Kelly Home | Nivine William
ASDA’A BCW
+9714 4507 600
kelly.home@bcw-global.com
nivine.william@bcw-global.com