Chinese Developer Greenland to Build Towering World Trade Center in Harbin
Tang Shihua
DATE:  Sep 05 2019
/ SOURCE:  yicai
Chinese Developer Greenland to Build Towering World Trade Center in Harbin Chinese Developer Greenland to Build Towering World Trade Center in Harbin

(Yicai Global) Sept. 4 -- Harbin, capital of China's most northeastern province of Heilongjiang, was today lined up for two new landmark skyscrapers after real estate developer Greenland Holdings launched a project in the city to construct a world trade center with a focus on northeast Asia. 

Located in Harbin New Area, the 318-meter-high towers will soar over the rest of the Harbin Northeast Asia World Trade Center, which will include commercial properties, centers for conventions, exhibitions and conferences as well as hotels, Shanghai-based Greenland said in a statement.

Total investment in the project, which covers 1.7 million-square meters, will run into tens of billions of yuan. When completed, it will have total floor space of 3.6 million square meters. Construction will begin once land supply procedures are completed.

Greenfield will use its successful experience of building the Greenland Global Commodity Trading Hub in Shanghai as well as the year-round display trading platform for the China International Import Expo on the project, including overseas merchandising, international trade, logistics, warehousing and commercial retail operations, the company said.

Greenland inked an investment promotion agreement with the Harbin New Area Administration Committee today to ensure smooth implementation of the project. It has struck deals with four banks, including Industrial and Commercial Bank of China, and secured CNY28 billion (USD3.9 billion) of credit. The firm has also penned a contract with international exhibition giant Hannover Milano Fairs Shanghai to promote the project's exhibition business.

Greenland will build the trade center into a demonstration zone for fifth-generation mobile networks and artificial intelligence technology to attract core companies and institutions, it said. To this end, the company has inked cooperation contracts with Huawei Technologies and Alibaba Group Holding.

The Harbin Northeast Asia World Trade Center will be the third global commodity trading center built by Greenland after ones in Shanghai, which is already open, and Tianjin. The company started construction of a trade hub in the northern city of Tianjin earlier this year. All three aim to promote the CIIE outside of Shanghai with a 'real estate + trade' model and a 365-day platform for buying and selling international goods.

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Keywords:   Harbin,Greenland Holdings