Dubai’s Ruler Reveals Plan for $1.5-B Food Park

Dubai’s Ruler Reveals Plan for $1.5-B Food Park

Dubai’s Ruler Reveals Plan for $1.5-B Food Park

The wholesale food hub  will be located in Dubai Wholesale City

Sheikh Mohammed bin Rashid Al Maktoum, the UAE’s Vice President and Prime Minister and Dubai’s Ruler has unveiled the blueprint for the $1.5-B Dubai Food Park (DFP).

Spread across over 48-M sqf within Dubai Wholesale City, the new park will be the 1st destination in the Middle East dedicated to serving the food sector.

It will feature a central wholesale market serving the retail, hospitality and food service sector, a logistics area, complementary services area, packaged goods area and a facility for recycling organic waste.

The park will also provide a range of governmental services including customs clearance, licencing, food safety and inspection.

DFP aims to meet the demand of the food sector in the UAE and the wider region.

Currently, food trade makes up 11% of the UAE’s GDP and the food industry is estimated to grow by 70% to $6.3-B by Y 2030. The sector supports 18,400 blue collar and 4,600 white collar workers and 2,500 businesses, according to government figures.

It is also hoped to support global food security and foster innovation across the sector.

Plans for the park were 1st announced in July.

The park will fall under the supervision and responsibility of Abdulla Belhoul, CEO of Dubai Wholesale City.

“DFP has been established to meet the increased need for specialized logistical services to reduce supply chain costs,” said Mr. Belhoul.

“The park will be a one-stop destination for government, administrative and logistical services related to food wholesale, import, export and re-export.”

The wider Dubai Wholesale City is the largest wholesale hub in the world, occupying 550-M sqf that will take shape over a 10-year frame at an estimated cost of $8.2-B.

By Aarti Nagraj

Paul Ebeling, Editor

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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