The first smart free zone market in the Middle East is set to open its doors in Dubai on June 28.
Yiwu Market is the first phase of the Dubai Traders Market in Jebel Ali Free Zone, which aims to revolutionise the trading experience for sellers and consumers.
Spanning an area of over 200,000 square metres, the market houses 1,600 mainland showrooms, divided into different sections, namely, electronics and appliances, furniture and lighting, beauty and accessories, tools and hardware (including auto spare parts), kitchen & bath, bedding, curtains, and clothing.
The market comprises 324 warehouses spread across two floors which are located right behind the showrooms, thus eliminating the impact of low-stock-delays on outbound trade. Additionally, each warehouse has a dedicated loading dock, providing complete logistical support for the seamless movement of goods.
Abdulla Bin Damithan, CEO and Managing Director, DP World UAE and Jafza, said, "We saw the need for a marketplace where goods can be stored, sold, imported, and exported all in one place, without additional charges and with the greatest possible ease. We are very optimistic about how it will enhance the trading experience for our traders and shoppers."
One of the most prominent advantages Yiwu Market offers to its customers is its close proximity to Jebel Ali Port and Al Maktoum International Airport. This enables customers to easily transport goods to and from their warehouses through multiple channels in a cost and time-efficient manner.
Alongside the market, there'll also be the launch of ‘Yiwu Connect’, a dedicated area that allows cross-border networking and information exchange between traders in Dubai and factories in China. In addition to directly connecting local traders with Chinese factories without the need of a middleman, ‘Yiwu Connect’ will also allow these traders to inspect goods for quality assurance before importing them to the Dubai Yiwu Market. This service, at a time of unprecedented supply chain problems, will give customers a new level of quality assurance.
Dubai’s Yiwu Market opens on Tuesday.#WamNews https://t.co/xMC3NI1HIo
— WAM English (@WAMNEWS_ENG) June 26, 2022
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