Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, has unveiled plans for the creation of the world's largest logistics hub dedicated to the trade of foodstuffs, fruits, and vegetables. This initiative is set to bolster the emirate's position as a leading global market in this sector, in alignment with the Dubai Economic Agenda D33's objective to expand Dubai's economy and establish it among the top three global economic cities by 2033.
The project, managed and operated by DP World, aims to enhance the economic and investment landscape of Dubai, promising to improve the quality of life and increase the attractiveness of the city for residents and investors alike. Sheikh Mohammed emphasized Dubai's strategic advantages, including its prime location and state-of-the-art facilities, which make it an attractive hub for major companies and investments.
A partnership agreement to manage and develop the 'Foodstuffs, Fruits and Vegetables Market' was signed between Dubai Municipality and DP World, under the watchful eyes of H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum and H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum. This agreement signifies the commencement of the project, which is anticipated to create new economic opportunities within the food sector and support Dubai's vision to become a pivotal market and investment destination globally.
Source: www.wam.ae