UAE – Dubai Municipality and DP World have joined forces to develop the Foodstuffs, Fruit, and Vegetable Market, set to be the largest of its kind in the world.
The plan, unveiled by Sheikh Mohammed bin Rashid Al Maktoum, vice president and prime minister of the UAE and ruler of Dubai, will double the size of Dubai’s current fruit and vegetable market and establish links to global markets.
“Today, we have launched our plan to develop the largest logistics hub in the world for the trade of foodstuffs, fruits, and vegetables,” Sheikh Mohammed said.
“This expansion and doubling of the current market area will support our economic agenda and create larger commercial and investment opportunities.”
Dubai Municipality and DP World are partnering to bring this ambitious project to life. DP World, a global logistics leader, will manage, operate, and develop the market.
His Excellency Sultan Ahmed bin Sulayem, group chairman and CEO of DP World, emphasized Dubai’s strategic location as a significant factor in the city’s growing role in the global food trade, particularly in fruits and vegetables.
“This sector is witnessing increasing growth in both local markets and exports, indicating immense opportunities that can be leveraged through strategic projects that Dubai continues to develop,” bin Sulayem said.
“Establishing and expanding the Foodstuffs, Fruit, and Vegetable Market and launching its pioneering solutions will all act as a strong driver to maximize the benefits of this sector’s growth in achieving Dubai’s economic goals.”
The new market aligns with Dubai’s Economic Agenda, D33, which aims to double the size of Dubai’s economy and place it among the top three global economic cities by 2033.
His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, first deputy ruler of Dubai, deputy prime minister, and minister of finance of the UAE, noted that the project would foster new economic opportunities and enhance the investment environment in the food sector.
“The new project will create new economic opportunities and a better investment environment in this crucial food sector, supporting Dubai’s D33 economic vision,” Sheikh Maktoum said.
The development of this market reflects Dubai’s ongoing efforts to enhance its competitiveness and attractiveness as a destination for living, working, and investing.
His Excellency Dawood Al Hajri, director general of Dubai Municipality, highlighted the project as a testament to Dubai’s dedication to improving its economic landscape.
“The new market development reflects Dubai’s constant efforts to enhance its competitiveness and attractiveness as a place to live, work and invest in,” Al Hajri said.
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