New Shenzen, China Apple Store scheduled for grand opening this Saturday

Cupertino-based Apple is set to open its first Apple Store in Shenzhen, China on Nov. 3 at 9 a.m., as confirmed on its website earlier this morning. The store is located in Yitian Holiday Plaza at Nanshan district of Shenzhen, and it marks the seventh store in China. Apple CEO Tim Cook and company are moving aggressively into the country to keep up with their 2010 goal of 25 stores by the end of 2012.

If Shenzhen sounds like a familiar city in China, it is because the city serves as one of the biggest hubs for the manufacturing of parts for Apple products. Shenzhen is home to Foxconn—a factory where the brute of Apple devices are being produced daily.

When touring Apple’s biggest retail store in China last month, Apple Senior Vice President of Retail John Browett confirmed the Shenzhen storeMIC Gadget noted many “rich people live in this part of the city so the demographics are very good for high end retailers.”

According to several local media, Apple is also set to open a new store in Chengdu, China where the iPad is manufactured. Apple has yet to confirm, but it has ramped up employee hiring.

The company has reiterated the importance of China to Apple several times. During its Q4 earnings call last Thursday, CFO Peter Oppenheimer announced Apple gained $5.7 billion in revenue during Q4 and $23.8 billion FY2012 from China.

In other Apple retail news: Apple opened a gorgeous store in Palo Alto, Calif., this weekend