Mohammed bin Rashid announces world’s largest logistics hub to boost trade in foodstuffs, fruits and vegetables
His Highness Sheikh Mohammed bin Rashid Al Maktoum, vice president and Prime Minister of the UAE and Ruler of Dubai, has announced the development of the Logistics Hub for Foodstuffs, Fruit and Vegetable Trade, the largest such facility in the world, serving the world’s largest market for foodstuffs, fruits and vegetables.
The initiative is part of the emirate’s strategies to enhance investment and economic opportunities, and contribute to the goals of the Dubai Economic Agenda D33, which aims to double the size of Dubai’s economy and transform it into one of the top three economic cities globally by 2033. The project also aims to improve quality of life for Dubai’s residents and enhance the city’s overall attractiveness and liveability.
Sheikh Mohammed bin Rashid said: “We have entrusted DP World with the management, operation, and development of the market, linking it with markets globally.”
His Highness added: “Dubai’s strategic location and advanced facilities make it a commercial and investment hub that attracts major companies. Our efforts will double in the coming period to enhance the emirate’s role in creating investment opportunities for global companies and youth, integrating them into developmental projects. Dubai aims to be a leading destination for markets, export, and re-export operations across various sectors, maximising economic opportunities for investors in this field.”
The agreement marks the creation and management of the ‘foodstuffs, fruits and vegetables market,’ set to be the largest of its kind globally. The agreement was signed by His Excellency Sultan Ahmed bin Sulayem, Group chairman and CEO of DP World, and His Excellency Dawood Al Hajri, director general of Dubai Municipality.
Sheikh Maktoum emphasised that Dubai is advancing under the vision of Sheikh Mohammed bin Rashid, aiming to showcase new successes in achieving the ambitious goals of the economic agenda to be among the top three economic cities globally by 2033.
His Excellency Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, noted that Dubai is a “global model” for generating investment opportunities and connecting regional and global markets across various sectors of trade. He highlighted that establishing the world’s largest foodstuffs, fruits and vegetables market will “reinforce strong foundations” of trade across regional and global markets.
HE Bin Sulayem noted that due to its strategic location, Dubai has become a global market for food trade, especially fruits and vegetables. This sector is witnessing increasing growth in both local markets and exports.
“Establishing and expanding the foodstuffs, fruits and vegetables market and launching its pioneering solutions will all act as a strong driver to maximise the benefits of this sector’s growth in achieving Dubai’s economic goals,” Bin Sulayem said.
