Dubai: Dubai’s Ruler and Sheikh Mohammed bin Rashid Al Maktoum who is also Prime Minister and Vice- President of Dubai has unveiled a project called ‘Dubai Food Park’ worth Dh 5.5 billion on Tuesday. He was accompanied by Deputy Ruler of UAE Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum also President of DIFC.
The ‘Dubai Food Park’ will stretch over 48 million square feet, including 11 million square free space zone for re-export support within the complex. This will bring all the services related to food sector one place under one roof.
Dubai Media Office tweeted the launch on their page.
This project will focus on promoting Dubai as a leading regional hub in the food sector, strategically planned at Dubai Wholesale Center the project will easily accessible through all means of transport, reported the sources.
The Park will benefit from Dubai’s world-class infrastructure in land, marine and air transport; and is set to play a vital role in supporting food security in the country.
The first-of-its-kind in the region, Dubai Food Park is located in Dubai Wholesale City, occupying around 48 million square feet. The project is in close proximity to Dubai South, only 10 minutes away from Al Maktoum International Airport and the Expo 2020 Dubai site, and a 15 minutes-drive from Jebel Ali Free Zone. The strategic location of the project adds to the attractiveness of the investment opportunities it offers.
The park’s location provides ease of access through all marine, air and land ports.
The park will provide a range of governmental services, including customs, clearance, licensing, food safety and supervision.
The project aims to boost Dubai’s position as a leading regional hub for food trade and re-export of foodstuffs, as well as support the growth of food companies and reduce supply chain costs.
Dubai Food Park includes a central wholesale market that serves the retail, hospitality and food service sector, a logistics area, an area for complementary services such as packing, repacking, and processing, and a dedicated area for handling packaged goods. It will also host employees’ accommodation, in addition to hotels, financial services, a center for integrated government services and recycling organic waste. With these features and facilities, the Park will be a world-class Eco-friendly business community.
“Through the development of Dubai Food Park, we seek to provide an advanced infrastructure that meets the current and future needs of this robust sector,” Abdulla Belhoul, CEO of Dubai Wholesale City, said in a press statement. “The park is designed to meet the highest global standards to ensure efficiency of operations and ease of procedures.”
Food trade makes up 11 percent of the United Arab Emirates’ GDP with estimates for the food industry to grow by 70 percent to 23 billion UAE Dirhams by 2030, the statement added.