His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has unveiled plans for the world’s largest logistics hub dedicated to the trade of foodstuffs, fruits, and vegetables. This ambitious project aims to enhance Dubai’s global economic standing and solidify its role as a leading hub for food trade. The initiative is aligned with Dubai’s economic strategies, particularly the Dubai Economic Agenda D33, which aims to double the emirate’s economic size and elevate it among the top three global economic cities by 2033. The Logistics Hub for Foodstuffs, Fruit, and Vegetable Trade is expected to create significant economic opportunities and improve the overall quality of life in Dubai, making the city more attractive for investors and residents alike.
Sheikh Mohammed bin Rashid emphasized, “Today, we announce our plan to develop the world’s largest logistics hub for the trade of foodstuffs, fruits, and vegetables. This expansion will support our economic agenda by creating extensive commercial and investment opportunities. The management, operation, and development of this market will be overseen to ensure seamless integration with global markets.” Highlighting Dubai’s strategic advantages and advanced infrastructure, Sheikh Mohammed underscored the emirate’s appeal as a destination for major companies and global investments. He emphasized ongoing efforts to engage global companies and youth in developmental projects, positioning Dubai as a premier destination for markets, exports, and re-exports across various sectors.
Witnessed by key leaders including His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum and His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, a partnership agreement between Dubai Municipality and a strategic partner marks a significant milestone in establishing and managing the Foodstuffs, Fruits, and Vegetables Market. This agreement aims to set new benchmarks in global trade infrastructure. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, reiterated Dubai’s commitment to achieving Sheikh Mohammed’s visionary economic goals, emphasizing the economic benefits and investment opportunities that the new market will unlock in the crucial food sector.
The establishment of this landmark market underscores Dubai’s reputation as a global leader in creating investment opportunities and facilitating trade across regional and global markets. It is poised to enhance Dubai’s economic model, making it more attractive for global investments and reinforcing its status as a hub for trade and commerce.
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