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Dubai Yiwu China Commodity City opens new business opportunities for exhibition and trade in the Middle East region

Jul,06,2023visited: 271

Dubai Yiwu China Commodity City, a bright new star of wholesale market, is rising in Dubai Jebel Ali Free Trade Zone.


In the context of dramatic changes in the global landscape, the UAE is deeply tied to European and American currencies, while actively joining the BRICS group, and the economy of developing countries continues to integrate. As an international shipping center, international trade center and international financial center, Dubai has become the largest trade distribution center of "Made in China" in the Middle East, effectively radiating the consumer market of nearly 1 billion people in the Middle East, North Africa and part of East Africa. As an economic and cultural bridge between the East and the West, Dubai has achieved great development and value-added under the tide of new globalization.


As the research and development, production and sales center of small commodities in the world, Yiwu's products have radiated to 233 countries and regions around the world. Every year, more than 560,000 foreign merchants come to Yiwu for purchasing, and more than 15,000 foreign merchants from more than 100 countries and regions reside in Yiwu. In 2022, Yiwu's foreign import and export volume reached 478.8 billion yuan, an increase of 22.67%, among which the import and export volume of Yiwu to the United Arab Emirates reached 13.352 billion yuan, a year-on-year increase of 48.77%, showing huge trade potential.


Under the national "Belt and Road" initiative, in order to give full play to the dual-city linkage advantages of Dubai's "Middle East Gateway" and Yiwu's "small commodity center", accelerate the development of Yiwu's international competitiveness of small commodities, vigorously expand the open space to the outside world, and effectively combine the development needs of small commodities "going out", Dubai Yiwu China Small Commodity City came into being.


Dubai Yiwu China Commodity City is jointly built by Zhejiang China Commodity City Group Co., LTD and DP WORLD. The project covers an area of 210,000 square meters. It is a large-scale business logistics park integrating the functions of commodity exhibition, bonded storage and logistics re-export with two storefronts and warehouse warehouses. Main hardware kitchen, electronic small appliances, new energy and other industries, a total of 1545 shops, 324 warehouses.


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