Yiwu to Operate a "Sub-market" in Jeddah, Saudi Arabia
The matchmaking conference of the "Belt and Road" Saudi Arabia (Jeddah) Chinatown Project was held.
At the conference, Jin Guozhong, Board Chairman of Dubai Huashang Longtou Group, mainly introduced the overview, preferential policies, and development prospect of project and the investment environment in Saudi Arabia. It is learned that the Saudi Arabia (Jeddah) Chinatown is located in Jeddah, a western port city of Saudi Arabia, which is hailed as "Shanghai" of Saudi Arabia. In the middle of West Asia and North Africa and by the Red Sea, the city has an advantageous geographical location, a large radiation population, and a big market capacity. Covering a business area of 100 thousand m2, the Saudi Arabia (Jeddah) Chinatown will have more than 1,200 shops whose areas range from 25 m2 to 55 m2 in the first phase and cover diverse commodities of multiple industries, such as household appliances, electronic products, general merchandise, sporting goods, etc.
At the conference, Commodities City Group signed a strategic cooperation agreement with Dubai Huashang Longtou Group, and both parties will give play to their own strengths and advantages to build and operate the Saudi Arabia (Jeddah) Chinatown together.
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