OnDecember 11, 2023, Mohamed Ali Alabbar, founder& chairmanof EmaarGroup, and Zhang Yue,Chairman of BROADGroup, jointly attended the signing ceremony of a comprehensive strategic cooperation agreement between Eagle Hills, the Abu Dhabi based private real estate investment and development company founded by Mr.Alabbar, and Broad HolonCo. Ltd. Others presentat the ceremony were H.E. Zhang Yiming, Chinese Ambassador Extraordinary and Plenipotentiary to the UAE,Pan Xinyuan,President of Bank of China (Dubai) Branch,Zhou Zhuojun,VicePresident of BROADGroupas well as representativesfrom China’s Yabuli Entrepreneurs Forum including Ding Liguo, Zeng Qiang...

Prior to thesigningceremony, the parties hadalready entered into agreement to collaborate on the world's first zero-concrete, factory-made pilot building project. The first batch of buildingmodules will be manufactured in China and transported to the UAE for installation. Subsequently, a Holonplantwith production capacityof tens of thousand square meters of Holon modulesdailywill be established in the UAE, servicing the entire Middle East. This ambitious move aims to revolutionize the construction industry in the Middle East by promotingde-concreteand low-carbon practices.

Left：Mohamed Ali Alabbar, Founder of Emaar Group

Middle：Zhang Yiming, Chinese Ambassador Extraordinary and Plenipotentiary to the UAE

Right：Zhang Yue, Chairman of Broad Group

Emaar Propertiesis the most profitable real estate group globally. Apart from being renowned for the Burj Khalifa in Dubai, it has gained immense prestige in the architectural fieldof residential complexes, apartments, hotels, etc.