With the freedom to transfer capital and profits .. “Yiwu Market” in Dubai allows 100% foreign ownership of companies

Jebel Ali Free Zone (Jafza) has announced that it will host the Yiwu Market, which is scheduled to open soon, to be the first smart free zone in the Middle East for the retail and wholesale sectors.

A statement stated that the market was established in partnership between "DB World" and "China Commodities City Group", which has built and managed the world's largest wholesale market in China for small consumer goods, with an area of ​​more than six million square meters, and attracts about 210,000 visitors per day.

The market allows 100% foreign ownership of companies, with the freedom to transfer capital and profits in full without restrictions.

"Yiwu Market"

The "Yiwu Market" in Dubai covers about 200,000 square meters;

Divided between 324 duty-free warehouses and 1,600 showrooms.

99% of the showrooms are already occupied.

The "Yiwu Market", with an investment of 600 million dirhams, represents the first phase of the "Dubai Merchants Market", as the "Yiwu Market" will allow traders and companies to obtain wholesale prices and discounts, to reduce the costs of dealing with the supply chain, and shorten delivery times, by taking advantage of the Dubai's strategic location, and DB World's advanced global logistics expertise.

Trade Opportunities

Ahmed Al-Haddad, Executive Director of Operations in Business Parks and Free Zones in the UAE, said: “Jafza contributes to helping merchants and businessmen increase trade opportunities, by giving them access to their products, by land, sea and air, to economies that constitute 60% of global gross product.

He added, "This role allowed us to raise the efficiency of the supply of goods and enhance the ability to meet and deliver final sales orders, and we hope that it will help (Yiwu Market) of the Dubai Merchants Market in strengthening this position, and dedicating our achievements," noting that it will be for the market When completed, it will play a major role in stimulating trade and the smooth movement of goods, in addition to reducing the costs of dealing with the supply chain;

As China is one of our most prominent trading partners, Yiwu Market will also help promote economic and trade cooperation between the UAE and China.

advanced solutions

For his part, the general manager of Yiwu Market, Qioming Zhang, said: “It has been an enjoyable completion journey for us, especially when we finally obtained the construction completion certificate from (Trakhees) Corporation, and we are now approaching the grand opening date.

We are confident that companies operating in the trade sector in Dubai will benefit greatly from the advanced comprehensive solutions provided by the market. Showrooms and warehouses make the market an ideal solution for all the needs of traders and companies that can benefit from warehousing and logistics facilities, in addition to easy access to buyers in Dubai. The most important markets around the world.

free zone

"Yiwu Market" provides dealers with a free zone and a double-value commercial environment, as it allows the transfer of goods directly from the airport or quayside to storage areas, and avoids paying any additional customs duties.

A special international logistics line will also be established between the "Yiwu Market" in Dubai and the "Yiwu Market" in China, to enhance price competitiveness, reduce costs, and facilitate the distribution process throughout the region.

foreign ownership

The advantages provided by the "Yiwu Market" include allowing 100% foreign ownership of companies, with the freedom to transfer capital and profits in full without restrictions, in addition to exempting goods and commodities from any customs duties when re-exported outside the country.

The market's proximity to Jebel Ali Port and Al Maktoum International Airport also facilitates easy access to air and sea transportation.

Emphasizing Yiwu Market's commitment to sustainability, more than 11,835 square meters of solar panels have been installed in eight of the 10 storage complexes, providing more than 20% of the market's energy needs.

commercial bridge

The "Yiwu Market" will serve as a trade bridge between the UAE and other markets around the world.

By hosting the facilities of international brands, the market will become a regional storehouse for the products of these companies in the event of disruptions in the supply chain, to ensure the stability of meeting the demand for these products.

Secure Payment Gateways

And Yiwu Market, through cooperation with the Dubai Trade Portal of DB World, will provide the ability to digitize trade operations for customers.

The services include secure payment gateways for electronic transactions, electronic product listings, and customs declarations, in addition to the ease of issuing goods gateway permits.

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