11 July 2017
Dubai Holding has launched a 5.5 billion UAE dirham ($ 1.49 billion) Dubai Food Park development, the company said in a statement on Tuesday.
The 48 million square foot mixed-use development is located within the Dubai Wholesale City master plan, located close to the Al Maktoum International Airport and Expo 2020 site.
Dubai Holding said in the statement that it is currently in the final stages of negotiations with leading international food companies headquartered in Dubai to setup within the development as part of their growth and expansion plans.The project will include employee accommodation facilities, hotels, financial services, and a centre for integrated government services and recycling organic waste.
It will also include 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 an area for handling packaged goods
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.
The park’s location provides ease of access through all marine, air and land ports.
“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.
© Zawya Projects News 2017