Summit discusses financial district at Royal Albert Dock

17:16 03 June 2014

The proposed development of the Royal Albert Dock (pic: HayesDavidson)

The proposed development of the Royal Albert Dock (pic: HayesDavidson)

© 2014 HayesDavidson all rights reserved

The emergence of the Royal Albert Dock as a financial district was the focus of a summit of Asian business leaders today.

The proposed development of the Royal Albert Dock (pic: HayesDavidson)The proposed development of the Royal Albert Dock (pic: HayesDavidson)

A year on from a £1bn deal to transform the dock, the Asian Business Port (APB) chairman Xu Weiping hosted a conference on the site.

Entitled ‘A real estate revolution and opportunity for Asian businesses’, the summit was attended by 400 business leaders, including more than 150 Chinese delegates.

Mr Xu said: “East London is fast becoming one of capital’s most exciting places to do business and we believe that the new business district model we are creating at Royal Albert Dock will start a business revolution and a new way of working for future companies.

“A year ago we signed the agreement with the Mayor of London and we have come a long way since.

“It is my pleasure to host this summit to open up opportunities in this part of London to Chinese and other Asian businesses.”

As part of the summit, Eric Pickles, the secretary of state for communities and local government, delivered a keynote speech about the Royal Docks Enterprise Zone.

He said: “Enterprise Zones are part of our long term economic plan to secure a better future for people right across the country.

“Chinese businesses have already committed billions to Enterprise Zones in London and Manchester, and today is a chance to show them the potential of Enterprise Zones in other parts of the country.”

Plans for the dock were submitted to Newham Council in April, and it is hoped the development will set a new precedent due to its location away from the city centre.

Subject to planning approval, construction on the 35 acre site could begin as early as next year.

It is estimated up to 20,000 new jobs will be created, with the majority available to local people.

Read more:

Plans to transform Royal Albert Dock into next business district submitted to council

Chinese developers want office space at Building 1000 in Royal Docks

Royal Albert Dock set to become London’s third business district under £1bn deal

Latest Newham News Stories

A man has been arrested under anti-terror legislation in connection with the evacuation of London City Airport.

London police

A man in his thirties has been seriously hurt and rushed to hospital by paramedics after being hit by a car.

London Ambulance Service

Forget battling through the crowd at Stratford station or struggling to find a parking space – there’s a new way to get to West Ham matches.

Stephen Timms

Police are appealing for information after a woman wearing a hijab was racially abused on an Overground train.

British Transport Police

Newsletter Sign Up

Most read news


Show Job Lists


Cosmetics, toiletries, vitamins and more. Boots is the number one choice when it comes to purchasing daily essentials.

Read more

If you’re obsessed with Apple or just love a good gadget, this is a prize that will blow you away! An incredible £3,333 to spend on Apple goodies! How would you like to be the proud new owner of the Apple Watch?

Read more

Digital Edition


Enjoy the
Newham Recorder
e-edition today


Education and Training


Read the
Education and Training
e-edition today

Read Now