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Any company in the world can develop and implement their projects in the park -- an open area for international cooperation, he said.

Ant Financial Services Group, which operates mobile payment tool Alipay, is powering Pakistan's first cross-border remittance service using blockchain technologies, marking a major milestone in the country's journey to promote financial inclusion.

Another edge for Biden

Apart from incentives like the provision of digital infrastructure and preferential policies like zero corporate and personal tax, District 2020 has an entrepreneur program dubbed Scale2Dubai, aiming to draw startups and small-and medium-sized enterprises to upscale and enter the Middle East and North Africa markets.

Another leading developer China Vanke Co Ltd saw its net profit grow 29.8 percent in the first half of this year, but it is trying to maintain steady development. In the same period, it acquired 54 new projects with a total planned gross floor area of 13.728 million square meters, down by 33 percent.