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Dubai launches ambitious plan for world’s largest food trade logistics hub

The facility aims to serve the global market, supporting Dubai's ambitious Economic Agenda D33

Dubai launches ambitious plan for world’s largest food trade logistics hub
[Source photo: Krishna Prasad/Fast Company Middle East]

Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, has announced the establishment of the world’s largest Logistics Hub for Foodstuffs, Fruits, and Vegetable Trade.

The facility aims to cater to the global market, aligning with Dubai’s ambitious Economic Agenda D33. This initiative aims to double the emirate’s economy and position it among the top three global cities by 2033.

“This expansion and doubling of the current market area will support our economic agenda and create larger commercial and investment opportunities. We have entrusted DP World with the management, operation, and development of the market, linking it with markets globally,Sheikh Mohammed stated.

He further emphasized Dubai’s strategic location and advanced infrastructure, highlighting the city’s status as a commercial and investment hub. Sheikh Mohammed bin Rashid Al Maktoum highlighted the ongoing efforts to double these efforts, enhancing Dubai’s role in creating investment opportunities for global companies and youth and integrating them into developmental projects.

Dubai Municipality and DP World have signed a partnership agreement to establish and manage the ‘Foodstuffs, Fruits, and Vegetables Market.’ Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, and Dawood Al Hajri, Director General of Dubai Municipality, formalized the agreement.

Sheikh Maktoum highlighted Dubai’s advancements under Sheikh Mohammed’s vision, aiming to reach new milestones in achieving the economic agenda’s goal of becoming one of the top three global economic cities by 2033. He underscored Dubai’s flexible, efficient, and sustainable economic model, which enhances its appeal as a global investment destination.

Sultan Ahmed bin Sulayem lauded Dubai as a global model for generating investment opportunities and connecting regional and international markets. “Establishing the world’s largest foodstuffs, fruits, and vegetables market will reinforce strong foundations of trade in this sphere across regional and global markets, particularly through novel logistical and financial solutions bound to be offered by the market,” he remarked.

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