Top British Parliamentarians visit Nakheel Dragon Mart

A group of senior British Parliamentarians visited Nakheel's Dragon Mart last week, as part of a Treasury Committee inquiry on 'Globalisation: its impact on the real economy' in a move to understand the adoption of the most appropriate policies to enable the UK to thrive in competitive global markets.

  • United Arab Emirates: Sunday, June 25 - 2006 at 11:28
  • PRESS RELEASE


The delegation visiting the Dragon Mart.
The delegation visiting the Dragon Mart.

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The Committee met with Abdullah Lootah, General Manager Dragon Mart, and Jamal Bin Marghoob, Commercial and Marketing Manager, Dragon Mart, to gain insight into the Mart's global positioning and capabilities. 'The Committee showed keen interest in the conceptualization and operations of Dragon Mart. We were happy to discuss Dragon Mart's successes and achievements with the committee and help them understand the importance of Chinese products and the capabilities of Dragon Mart as a redistributive platform for commerce,' said Abdullah Lootah.

The Treasury Committee visiting the Dragon Mart consisted of fourteen Members of Parliament, drawn from across the political spectrum. The Chairman of the Committee, the Rt Hon John McFall, said 'Dubai is rapidly becoming a truly global city and the Committee and we are very much looking forward to hearing first hand how Dubai has positioned itself to thrive in the global economy.'

Commenting on the visit, Jamal bin Marghoob said, 'Nakheel's Dragon Mart is an important trade hub in the UAE, and is a channel that contributes to the movement of goods internationally. It is growing from strength to strength and expanding its trade throughout with more and more retailers, investors and wholesalers participating in its activities.'

'The Dragon Mart is a valuable contributor to global trade and its facilitative channels help promote competitiveness across regional and international markets. We are pleased that the Committee demonstrated such interest in our operations and investments,' he concluded.




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Notes and media contacts

About Dragon Mart Complex:
The Dragon Mart Complex, made up of Dragon Mart, warehouses and residences, is located in Nakheel's International City in the Al Warsan area of Dubai. The Complex offers an array of high quality facilities for visitors and traders alike.

The Dragon Mart is the largest trading hub for Chinese products outside the China mainland. The dragon-shaped structure has 3,950 shops engaged in the wholesale and retail trade of a variety of Chinese products. The Mart also has restaurants, coffee shops, conference rooms, business center and parking spaces for over 2,500 cars.

The Dragon Mart Complex has eight fully equipped warehouses for traders, which is located 200 meters behind the Mart. With a total area 30,000 square meters and two warehouses with cold storage facilities, the warehouses serve as a convenient facility for traders of all kinds of products.

The 25 residential buildings at the Dragon Mart Complex offer affordable residential options to traders in the form of 1,840 fully furnished studio, one and two bedroom apartments, with retail space on the ground floor.

About Nakheel
Nakheel is the uniquely focused property development company behind a variety of new landmark developments in Dubai. Nakheel aims to redefine the concept of property development whether residential, tourist, commercial or retail. It has therefore placed great importance on examining the requirements of the different sectors of the community and developing its visionary projects around these findings.

Nakheel's portfolio currently includes The Palm, The World, Jumeirah Islands, The Gardens, Ibn Battuta Mall, Jumeirah Lake Towers, Jumeirah Golf Estates, Lost City, International City, Discovery Gardens, Jumeirah Village and Dubai Waterfront.

For further information please contact:
Dina Al Hassan, Senior Marketing & PR Officer on +971 4 3903489;

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Orient Planet PR and Marketing Communications
P O Box 23345, Dubai, UAE
Tel: 00 971 4 3988901
Fax: 00 971 4 3988941
Website: www.orientplanet.com

About the Treasury Committee:

The Treasury Committee consists of fourteen Members of Parliament, drawn from across the political spectrum. There are around 30 such Committees forming an important backbone of the UK Parliamentary system, holding Government accountable to Parliament across the breadth of Government activity.

The Treasury Committee's terms of reference are to examine the policy, expenditure, and administration of public bodies covering financial and economic subjects. These bodies include the Treasury, Revenue & Customs and associated public bodies, such the Bank of England and the Financial Services Authority. Within its terms of reference, the Committee holds inquiries on subjects of its choosing, and reports the findings to Parliament. The Chairman of the Committee is Rt Hon John McFall.

Committee members visiting Dubai:

Rt Hon John McFall MP (Chairman). Labour Member for West Dunbartonshire constituency. Political interests: Defence, Education, Economic Policy

Mr Colin Breed MP. Liberal Democrat Member for South East Cornwall constituency. Political interests: Cornwall, Rural Affairs, Conflict Resolution, Middle East

Mr Michael Fallon MP (Sub-committee Chairman). Conservative Member for Sevenoaks constituency. Political interests: Constitution, Public Sector, Education, Treasury

Mr David Gauke MP. Conservative Member for South West Hertforshire constituency. Political interests: Financial services, education, Europe

Ms Sally Keeble MP. Labour Member for Northampton North constituency. Political interests: Economic Policy, Home Affairs, Education, Local and Regional Government, Financial Services

Mr Andrew Love MP. Labour Member for Edmonton constituency. Political interests: Housing, Regeneration, Mutuality, Small Businesses

Mr George Mudie MP. Labour Member for Leeds East constituency. Political interests: Education and Employment,
Northern Ireland, Treasury

Mr Brooks Newmark MP. Conservative Member for Braintree constituency. Political interests: Economic policy, Special needs education, environment, poverty reduction, foreign relations
Lara Lynn Golden Posted by Lara Lynn Golden, News Editor
Sunday, June 25 - 2006 at 11:28 UAE local time (GMT+4)

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