Shanghai Local Company Bought An Island In Dubai

2007-10-17

Chinanews, Shanghai, Oct 17 – The Shanghai Zhongzhou Investment Group recently signed an agreement with Naheel Company in Dubai of the United Arab Emirates. The agreement allowed the Chinese company to spend 28 million US dollars buying an island in Dubai. The Shanghai company wants to copy the city layout of Shanghai on the foreign land. This is the second largest investment project that a Chinese company has made in Dubai. Earlier, a Chinese businessman from Wenzhou had purchased a national television station in the United Arab Emirates.

The Shanghai Zhongzhou Investment Group plans to build a river on the island. The river will be connected to the ocean and flows in an S-shape, which is, in every way, very similar to the Huangpu River in Shanghai. Visitors can travel to the island by boat or helicopter. The preliminary work for the project will be completed by the end of this year and the project will start next year. The project will take two years to finish. On Tuesday, the Chinese company held a ceremony to mark the unveiling of the design map for the “Shanghai island” .

Apart from the river, the Shanghai Zhongzhou Investment Group will build three bridges across the river. The three bridges might look very similar to the Nanpu, Yangpu and Xupu bridges in Shanghai. With these efforts, it is hoped that the island can display the unique architectural style in Shanghai, a style that combines Oriental with Western flavor. The company also plans to build some streets on both sides of the river. These streets will be built in a way that will reflect Shanghai's typical folk culture and its business tradition, said Mr. Huang, assistant manager of the Shanghai Zhongzhou Investment Group.