The Chinese Dragon City has opened in the Bahraini capital of Manama as a huge joint venture between Diyar Al Muharraq Bahraini Company and China-Mex Chinese company.
After the success of the Dragon City in Dubai, the Chinese and Bahraini sides decided to repeat the experience, but in Bahrain. The city serves Bahrain, Qatar, Saudi Arabia and Kuwait as it will be one of the biggest tourist and entertainment attractions that includes an area for restaurants and is expected to receive three million visitors each year.
The Dragon City, which stretches along an area of around 100,000 square meters, has markets over an area of 50,000 square meters, 787 shops, 300 housing units, a parking lot over an area of 40,000 meters and a storage area for 5,000 warehouses.
The Chinese dragon city is expected to cost about $ 100 million. China-Mex Company has chosen Bahrain to establish this city due to the characteristic of the Kingdom in terms of open-minded industrial work and to ensure the property rights of foreigners by 100% along with the decrease in the tax slot on large projects. The kingdom also enjoys a distinguished location, as being in the heart of the Gulf and near Saudi Arabia, the largest Gulf economy.
Chinese companies seek to take advantage of the position of Bahrain as a tourist hub for Chinese goods to attract visitors from the Gulf states.
Some 500 Chinese companies are expected to move to Bahrain which will create new investment opportunities and encourage countries to build several industrial cities.