Emaar China

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On July 4th 2006, Emaar Properties marked a milestone in our plans for international expansion by being the first Middle East property developer to open a fully fledged office in China.  The office in Shanghai, at the Jiushi office building, will steer our ambitious investment plans in China.

Our multi-pronged approach will start with the development of modern, community-centric lifestyle developments in Beijing and Shanghai.  These residential projects will feature the entire spectrum of amenities including fitness centres, retail malls, schools as well as hotels.

Beijing and Shanghai are the two focal points for our entry into China, Beijing will be the venue for the 2008 Olympics and Shanghai will host the 2010 World Expo.  We are also looking at other growing cities in the country for more real estate development projects.  We will also look at strategic investments in healthcare and education.

World-over, experts are focusing on China as one of the most attractive economies for foreign investment.  Over the years, China has attracted significant foreign direct investment (FDI) in the Asia-Pacific region; 2005 saw the highest level of FDI inflow of AED264 billion (US$72 billion).  The world's largest holder of foreign exchange reserves, China's economy is expected to grow by 10% in the second quarter and full year 2006.