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 News Stories

PCSO Josh Thurlow and PC Holly Hoare with Ralph

An officer who saved a dog’s life has spoken of his relief at the rescue.

Man charged with Bow Creek murder

A man has appeared in court today charged with the murder of a homeless rough sleeper in east London whose body was discovered in the Bow Creek.

London City Airport

Attempts to expand London City Airport are continuing, with plans unveiled to take it into the water.

Boris Johnson
Junior doctors at a rally in central London last month

Junior doctors will not strike today after the British Medical Association (BMA) reached an agreement with the Government to resume negotiations.


Most read news


Section Boys, Big Tipper, Big Narstie, Lady Leshurr, Trapstar, and UFest street team members

We’ve got 10 pairs of tickets to give away to watch some of the country’s best and brightest urban music talent at UFest, London’s official youth festival.

Read more
Win a beautiful monochrome tunic dress with Great British Life!

Great British Life is offering a beautiful monochrome silk tunic dress worth £179 to one lucky reader

Read more
Nike Trainers

Nike’s motto is ‘to bring inspiration and innovation to every athlete in the world.’ With this in mind it’s no surprise why Nike is the preferred training gear for most A-list athletes. Get an extra boost in your run or height in your jump with £500 to spend on Nike trainers.

Read more

Digital Edition

Read the Newham Recorder e-edition today E-edition
Family Notices 24

Local business directory

Our trusted business finder