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Posted On: 28 February 2013 04:36 pm
Updated On: 12 November 2020 02:12 pm

Qatar Dragon Mart to open by end of year

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Dragon Mart, a sprawling Chinese market complex on the outskirts of Dubai, is to open a similar outlet in Qatar by the end of 2013, the Chinese Embassy in Doha told local press. The 20,000 sqm shopping development, which will only sell Chinese goods, will open on the Qatari capital's Barwa Commercial Avenue and will be developed by Barwa Real Estate. The market is expected to emerge as a gateway for the supply of Chinese products into the country and offer manufacturers from the country a trading platform. The existing Dragon Mart complex in Dubai is one of the largest centres for trading Chinese goods outside of the Asian giant, which is the world's second largest economy. Bilateral trade relation between China and Qatar registered a 40 percent growth in 2012, in comparison to the previous year. Qatar is a major exporter of liquified natural gas to China in particular. Additionally, a number of Chinese companies are involved in Qatar’s key development projects, including the New Doha Port. Bureaus of two leading Chinese media groups, state-run media outlet Xinhua and China Radio, have also opened in Doha. Arabian