POST Online Media Lite Edition



 

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.

Article continues below




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.


What to read next

Emaar Properties to list Emaar Malls Group
Emaar Malls lists and commences trading on DFM
Emaar Properties to sell 25% of mall, retail unit