DUBAI: Dubai’s largest listed developer Emaar Properties has signed an agreement to help deliver an $11 billion project at the site of Beijing’s new mega airport, Emirati state news agency WAM reported on Monday.
WAM said Emaar had signed the deal with Beijing Daxing International Airport and that the project, which is expected to take 10 years, included residential and leisure facilities.
Emaar Properties did not immediately respond to requests for comment.
The value of the project includes the five square kilometers of land at the airport, WAM reported.
Beijing Daxing International Airport is due to open in September and will be able to handle 72 million passengers a year by 2025.
The agreement was signed during a state visit by Emirati crown prince Sheikh Mohamed bin Zayed to China.
Sheikh Mohamed has met with China’s President Xi Jinping and other officials, according to Emirati state media.
Emaar signed a preliminary agreement with Beijing New Aeropolis Holdings in May to jointly develop commercial, residential, and leisure facilities at the new airport.
In December, Emaar said it had started business development operations in China and would open two offices in Beijing and Shanghai.
Beijing’s new mega airport enlists Dubai’s Emaar for $11 bln project
Beijing’s new mega airport enlists Dubai’s Emaar for $11 bln project
- The agreement was signed during a state visit by UAE Crown Prince Sheikh Mohamed bin Zayed to China
- Emaar will open two offices in Beijing and Shanghai
Stc partners with Qiddiya as Six Flags official connectivity provider
RIYADH: Saudi stc Group has announced its partnership with Qiddiya as the official connectivity partner for the Six Flags theme park, providing telecom services, smart city solutions, and an integrated digital infrastructure in line with global standards, coinciding with the park’s official opening.
Under the partnership, stc will deliver an advanced digital ecosystem to enhance visitors’ experiences at Qiddiya, offering high-performance connectivity and smart technologies to facilitate entry and manage visitor flow within the park, ensuring a seamless and safe experience.
The collaboration reflects stc’s commitment to providing advanced digital infrastructure that supports Qiddiya’s ambitions and elevates the visitor experience.
By leveraging smart connectivity, smart city technologies, and innovative payment solutions, stc aims to deliver an integrated and streamlined experience across the destination.
The initiative also highlights stc’s role in supporting the tourism and entertainment sectors with world-class digital infrastructure that aligns with Saudi Arabia’s vision and future goals.
