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Gulf Press > Business > Dubai plans to expand fruit and vegetable market, doubling its current size – News
Business

Dubai plans to expand fruit and vegetable market, doubling its current size – News

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Last updated: 2024/07/10 at 10:53 AM
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Dubai is set to expand its fruit and vegetable market as part of a new logistics project that aims to double its current size. The initiative, a collaboration between Dubai Municipality and DP World, will develop the world’s largest logistics hub for foodstuffs, fruit, and vegetable trade. The announcement of the mega project was made by Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, with the goal of making Dubai a hub for markets, exports, and re-exports in various sectors. The initiative is also aimed at providing advanced infrastructure, facilities, and standards to create commercial and investment opportunities for investors while supporting the UAE’s food security strategy.

The expansion of the fruit and vegetable market, which will be managed by DP World, is expected to create more investment opportunities and boost the region’s trade capabilities. Under the agreement between Dubai Municipality and DP World, a unified trade window will be introduced to streamline procedures and enhance the customer experience. This initiative reflects Dubai’s commitment to enhancing its logistics capabilities and improving the efficiency of its food trade operations. The project is expected to attract more investors and enhance the region’s position as a leading trade hub for foodstuffs, fruits, and vegetables.

Sheikh Maktoum emphasized the importance of providing top-notch infrastructure and facilities to attract investors and support the UAE’s food security strategy. The goal is to make Dubai a preferred destination for markets, exports, and re-exports operations globally. The expansion of the fruit and vegetable market is a significant step towards achieving this objective, as it will create more opportunities for investors and enhance the region’s trade capabilities. By investing in advanced infrastructure and adopting best practices, Dubai aims to position itself as a leading hub for food trade in the region and beyond.

The collaboration between Dubai Municipality and DP World is a strategic move to leverage the strengths of both entities and maximize the potential of the region’s food trade sector. By combining their expertise and resources, they aim to develop a world-class logistics hub that will cater to the growing demand for foodstuffs, fruits, and vegetables. The unified trade window introduced as part of the agreement will simplify procedures and streamline the customer journey, making it easier for businesses to engage in trade activities. This initiative reflects Dubai’s commitment to enhancing its logistics infrastructure and attracting more investment in the food trade sector.

The expansion of the fruit and vegetable market under the new logistics project signifies Dubai’s ambition to become a global hub for food trade. By investing in advanced infrastructure, facilities, and standards, Dubai aims to attract more investors and create greater commercial and investment opportunities in the region. The project will support the UAE’s food security strategy and contribute to the country’s economic growth by enhancing its position as a leading trade hub for foodstuffs, fruits, and vegetables. With the introduction of a unified trade window, Dubai is set to streamline trade procedures and enhance the customer experience, making it easier for businesses to engage in trade activities and contribute to the growth of the food trade sector.

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News Room July 10, 2024
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