Dubai Merchants Captured Wenzhou'S "Middle East Paradise".

Dubai's "Chinatown" attracted many Emirates clients. In October of this year, Hu Bin, a private entrepreneur from Wenzhou, China, bought an artificial island in Dubai, the second largest city in the United Arab Emirates, which triggered a boom in Wenzhou businessmen's investment in real estate in Dubai.

It is understood that, under the invitation of the UAE government, 12 Wenzhou developers will fly to Dubai in December to conduct an inspection. The first phase of investment will exceed RMB 1 billion yuan.

Dubai is known as the "free heaven" in the Middle East. Wenzhou businessmen invested in Dubai as early as the 90s of last century.

Today, with the keen sense of business opportunities, Wenzhou businessmen have gradually expanded their entrepot trade in textiles, leather, footwear and other light industrial products to real estate, construction machinery, building materials, high technology and other industries.

Not long ago, when Hu Bin built a "maritime Palace" in Dubai, Wenzhou private entrepreneur, who founded the Zhongzhou International Holding Group in Dubai, invested 200 million yuan in Dubai to buy an artificial island, an island in the "World Island", and was named "Shanghai island".

At present, "Shanghai island" is the 135th Island sold by the "World Island", covering an area of 30 thousand square meters.

Hu Bin, 44, has become the first Chinese to invest in the "World Island".

Hu Bin said he plans to build a world "maritime Palace" on the "Shanghai island", which is one of the biggest investments of Chinese enterprises in Dubai.

Hu Bin is full of confidence. He said that "Shanghai island" will create the 7 largest palace villas in the world, and introduce the architectural style of the British Buckingham Palace villa, the Italy Villa Toscana, the German Baroque villa, the Spanish escoli villa, the American palm style hotel, etc., representing the world's top luxury villas, with a total volume of nearly 70 buildings.

At the same time, a "S" type Haihe River with a width of 22 meters and a length of 350 meters is excavated in the "island heart" to reproduce the Huangpu River.

On the both sides of the Haihe River, it is necessary to introduce Shanghai's landmark landscapes and commercial scenes such as the Bund and Lujiazui.

Hu bin, who has been engaged in marine and land engineering and real estate development for many years, thinks that the disadvantages of pportation can enhance the taste of "Shanghai island", which is creating unique advantages for private helicopters and private yachts.

It is understood that the "Shanghai island" project will start in early 2008, and is expected to be completed in two years, with a total investment of around 1 billion 200 million yuan.

In addition to the "island of Shanghai", "the island of the world" on the name of the Chinese name as well as "Beijing island", "Hongkong island", "Kunming island", "Taiwan island", are not sold.

In fact, in July of this year, Zhejiang businessmen bought property in Dubai. Hu bin knew little about Dubai's mysterious desert city.

But when he saw the dense private yacht on the docks, he felt the business must be done.

Thus, from July to October 9th, Dubai signed an agreement and took out the overall development plan for building the world's "maritime Palace" on the "Shanghai island". It took only 3 months before and after.

Even the real estate developers of the United Arab Emirates, a famous real estate developer, the nhal group, exclaimed that it was "China speed".

Businessmen in Wenzhou always dare to take the lead in the world. They have invested in overseas real estate for a long time.

After nearly 10 years of real estate business in Shanghai, Hu didn't have any overseas investment experience before buying "Shanghai island". Dubai's business relies on the recommendation of Wenzhou's fellow townsman.

The Temple Street in downtown Paris, France, although the shop signs are French, customers are almost French, but more than 90% of the people in the houses and shops here are from Wenzhou.

Some powerful people in Wenzhou tend to be generous and pay attention to good lots and good houses. As long as the houses that are desirable, the housing prices will be high and they will not give up.

Wenzhou people are investing in real estate not only in New York and Paris, but also in developing countries such as Vietnam and Burma.

A small commodity captured Dubai, "every day there are 5500 containers on the shore, every 3 minutes there is a plane landing, the procurement forces from sixty or seventy countries here and there, like Hongkong in the 60s of last century, full of opportunities......"

This is the largest free trade area in the Middle East, described by Wenzhou businessmen, Dubai, United Arab Emirates.

The volume of foreign trade in Dubai reaches US $80 billion to US $90 billion per year.

Products made in China such as home appliances, electronics, machinery, building materials, bags, garments and so on are now selling very well in Dubai.

The businessmen of China and Jiangsu Province, who have a keen sense of smell, are the first batch of domestic businessmen to enter Dubai. Most of them are from small commodity distribution and wholesale.

Dubai's business model is not retailing, but only for the Middle East and Africa.

This is very suitable for Wenzhou businessmen who are mainly engaged in the wholesale marketing of small commodities.

It is said that a lighters in Wenzhou can sell 2-3 containers per month in Dubai, and so are hardware tools.

Wang Weisheng, the 46 year old Dubai Huaxing Group chairman of the United Arab Emirates, was first recommended by friends to Dubai in 1998, and was the first Wenzhou person to do business in Dubai.

In 1999, the Chinese network in Dubai, UAE, set up trade convenience for the Chinese who went to the Middle East to explore gold.

Since then, Wang Weisheng has been involved in furniture, shoes and bedding and other industries, and set up Huaxing Group.

Wang Weisheng said, "before I made clothes in China, it was a piece of calculation. After Dubai, clothing trade was calculated by container, because Dubai is a free trade port, which radiate the whole Middle East and North Africa, so this amount can not be the same as domestic."

Dubai has more than 10 thousand Wenzhou businessmen, Wenzhou people are very good at catching business opportunities, a typical example is "Chinatown".

In December 6, 2004, the strategic cooperation project jointly established by the two governments became the largest, the highest and most authoritative Chinese commodity distribution center established overseas.

The shape of a 1.2 kilometer building is like a Chinese dragon. It is called "dragon city" by local people.

Dubai "dragon city" is composed of three parts: market, warehouse and apartment. The official name is China Commodity Distribution Center, with a total area of 150 thousand square meters and more than 4000 stalls.

The Dubai government invested 300 million US dollars to build the "dragon city" officially opened.

Through this trading port, a large number of Chinese goods can be pported to the Middle East and Africa markets.

At present, the actual number of Wenzhou businessmen entering the "dragon city" is close to 1000, forming a huge Wenzhou businessman group.

There are more than 100 thousand Chinese businessmen in Dubai, more than 10 thousand of whom are in Wenzhou, and the chamber of Commerce has been established.