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Dubai’s Emaar to develop $11 billion project at new Beijing Airport

Christian Fernsby |
Emaar Properties, the United Arab Emirates’ largest publicly traded developer, will partner with Beijing Daxing International Airport to develop an $11 billion project.

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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.

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.

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