Chinese businessmen buy three UAE islands

• total $6.75 billion to invest

Dec 8, two Chinese real estate developers have singed contracts with the UAE local government, with the total $6.75 billion investment. They will receive about 800,000 square meters of three lands for real estate development.

The signing of the two projects are located in the northern part of the United Arab Emirates Lashihaima Emirates.

Zhang Jin Yun, one of the project owner who is the president of Wen zhou Chamber of Canada, has won the forthcoming local reclamation construction of artificial islands "Danner Island" on the 500,000 square meters of permanent ownership. He plans for the development of tourism with Chinese characteristics property.