Yiwu Market Location Dubai
Yiwu Market location in Jebel Ali Free Zone (JAFZA) in Dubai opened as a partnership between the China Commodity Centre (CCC) and DP World. It is the first smart ‘freezone market’ in the Middle East. Yiwu Market commenced operations on 28 June 2022. The aim of setting up this market is to establish a direct platform for all its tenants. It will help traders to have a point-to-point connection with Chinese manufacturers. This market will enable them to expand their trading platform and enhance the trading ties between Dubai and China. The market serves the retail and wholesale industries and is part of the first phase of the Dubai Traders Market.
Abdulla Bin Damithan, CEO & MD of DP World and Jafza, stated that Yiwu Market is a solution for local traders and consumers to have a marketplace where they can store, sell, import, and export goods all in one place, without any extra charges and with the greatest possible ease. He also expressed optimism about how it would enhance the trading experience for their traders and shoppers.
More information you need to know about Yiwu Market:
Where is the Yiwu Market in Dubai?
Yiwu Market is in Jebel Ali Free Zone (Jafza), close to Expo City in Dubai.
What is in the Yiwu market?
Yiwu Market covers an area of 200,000 square meters. It has two sections designed for specific purposes. The first section contains 1,600 showrooms. The showrooms have different sections for household goods. The second section is behind the showrooms and consists of 324 warehouses. The atrium also accommodates cafes, restaurants and various other amenities.
What is the aim of the project?
The goal of establishing the market, backed by an investment of AED 600 million, is to ease the supply chain shortages that have impeded progress since the onset of the COVID-19 pandemic. Yiwu Market aims to reinforce economic and trade cooperation between the UAE and China, with China being the UAE’s top trading partner.
What are the benefits of investing in the market?
- Showroom rentals are available with fees as low as 9000 AED per year for an area of 18 sqm with no management fees charged.
- The location offers convenient connectivity to Expo 2020, major hotels, business parks, and tourist attractions through public transportation and roadways.
- Yiwu Market also offers reduced logistics costs, leading to lower shelf prices for consumers.
- The marketplace allows complete foreign ownership with zero tariffs on re-exporting, zero corporate tax, 0% personal income tax, and 0% tariffs and VAT. If a company sells goods in the local market, customs duty applies.
When was the Official Opening of Yiwu Market?
Official Opening: 28th June 2022
What are the sections included in the Market?
The sections include: –
| Tools & Hardware | Kitchen & Bath | Electronics & Appliances |
| Bedding | Home & Office Supplies | Furniture |
| Beauty & Accessories | Clothing | Lighting |
How to contact them for more information?
Tel: +97148010008
Email: sales@jafzatradersmarket.ae
Website: dtm.ae
Picture Courtesy: CW
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