The "overseas warehouse" investment project with the largest underwriting amount of SINOSU

On June 28, China Export Credit Insurance Corporation (hereinafter referred to as "SINOSURE") underwritten the first "public" overseas warehouse investment project integrating "investment, construction and operation" in Zhejiang Province - Yiwu China Commodity City (Dubai) overseas warehouse Trade City Project in the United Arab Emirates, with an insured amount of USD 13.814 million.

The project is currently the "overseas warehouse" investment project with the largest underwriting amount of SINOSURE. It is located in Jebel Ali Free Trade Zone, Dubai and close to Dubai World Expo Park. It is the fist project of an international first-class trade comprehensive service platform jointly built by Zhejiang China Small Commodity City Group Co., Ltd. (hereinafter referred to as "small commodity city group") and Dubai port group. The project integrates one belt, one road, one another, and the other is the integration of the two sides. The advantages of the two projects are to speed up the circulation of the global enterprises and effectively build a "one belt and one road", and further integrate them into the di Chinese platform, and expand the brand influence of China.

The successful underwriting of the project effectively linked domestic banks' supporting shareholder loans for the early construction investment of the project, further enhanced the confidence and determination of "small commodity city group" to invest in overseas trade parks in the mode of "investment + Construction + operation" for the first time, and greatly enhanced the confidence of domestic enterprises and individuals to settle in and operate.

"The underwriting of SINOSURE's overseas investment insurance gives us more confidence to actively participate in the construction of the 'capital of small commodities in the world' and play a greater role in jointly participating in building a 'double cycle' at home and abroad and building an 'important window'. The small commodity city will also continue to give full play to the advantages of Yiwu's market trade resources, make more market players develop better, and make new contributions to the trade development of Zhejiang and even the whole country. "“ The person in charge of the overseas investment and development company of "small commodity city group" said.

The project has been covering 210 thousand square meters in the Middle East and North Africa. It has taken the way of "store in advance", and has been playing a prominent role in the international trade. Under the impact of COVID-19, its trade status has been further highlighted. It has directly solved the inconvenient problem of purchasing foreign goods from China. At present, the project is in the final stage of construction and is scheduled to officially open before the opening of the Dubai World Expo to respond to the theme of "creating the future" of the World Expo and display China and Yiwu business cards.

(original title: the "overseas warehouse" investment project with the largest underwriting amount of SINOSURE was successfully implemented)