His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has announced plans for the construction of the world's largest logistics hub dedicated to foodstuffs, fruits, and vegetables trade. This expansive facility is set to cater to the needs of the world's largest market for these commodities, marking a significant milestone in Dubai's role as a global hub for food trade.
This initiative is in line with Dubai's strategic efforts to boost investment and economic prospects, supporting the objectives outlined in the Dubai Economic Agenda D33. This ambitious agenda seeks to double Dubai's economic size and elevate it among the world's top three economic cities by 2033. The project is also aimed at enhancing the quality of life for Dubai's residents while making the city more appealing and conducive to living and working.
His Highness Sheikh Mohammed said, "Today, we have launched our plan to develop the largest logistics hub in the world for the trade of foodstuffs, fruits and vegetables. We have entrusted DP World with the management, operation, and development of the market, linking it with markets globally."
His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance of the UAE, oversaw the signing of a collaboration agreement between Dubai Municipality and DP World. His Excellency Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, and His Excellency Dawood Al Hajri, Director General of Dubai Municipality, signed the agreement.
His Excellency Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World emphasised Dubai's global leadership in creating investment opportunities and facilitating connections between regional and global markets across diverse trade sectors. His Excellency Sultan Ahmed bin Sulayem underscored that establishing the world's largest market for foodstuffs, fruits, and vegetables will strengthen trade foundations in these areas globally and regionally.
His Excellency Dawood Al Hajri added that the agreement is part of Dubai's vision to develop markets, improve the quality of life for the community, and establish the emirate as an international trade hub by offering innovative solutions to boost investment opportunities and unlock new business horizons.
Further details about the project are yet to be disclosed.