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The Yiwu Market in Dubai is located in the Jebel Ali Free Zone.

PHOTO BY SUPPLIED


Yiwu Market opens in Dubai: Newest Chinese market offers retail, wholesale shopping

The Yiwu Market, Dubai’s newest Chinese market, has opened in the Jebel Ali Free Zone to offer affordable Chinese products to shoppers.

The 5.5 million sqm marketplace had its soft opening on Tuesday (June 28) and is now open to the public as the first smart free zone market in the Middle East. It is close to Expo City.

The market in Dubai is an attempt to bring a part of China’s Yiwu China Commodities City, the world’s largest wholesale market with more than 75,000 showrooms.

In Dubai, the Yiwu Market spans across 200,000sqm and is home to 1,600 showrooms and shops spread across two floors. Yiwu Market has everything from electronics to beauty and accessories.

DP World and the China Commodity City Group, which manages the world’s largest wholesale market in China, partnered to build Yiwu Market in Dubai.

Behind the showrooms, there are 324 warehouses to ensure that products are in constant supply. Each warehouse has a dedicated loading dock.

The market provides 100 percent foreign ownership and 100 percent foreign repatriation of capital and profits. There are no tariffs for re-export.

For the first 27 months after the opening of the market, tenants will not be required to pay a management fee. This means that consumers can expect lower prices. ICA/Expat Media


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