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7/12/24, 9:42 AM Dubai to set up 'world's largest' food trading logistics centre
Dubai to set up 'world's largest' food trading logistics centre

The marketplace will be managed by ports operator DP World

Aarti Nagraj
10 July, 2024

Dubai will set up “the world's largest” logistics centre for food trade as it seeks to

diversify its economy and boost investment opportunities.

An agreement was signed on Wednesday between Dubai Municipality and DP World to

double the current size of the fruit and vegetable market.

It will be developed and managed by ports operator DP World, which will also link it to

global markets, the Dubai Media Office said.

Further details about the project were not disclosed.

“This expansion and doubling of the current market area will support our economic

agenda and create larger commercial and investment opportunities,” said Sheikh

Mohammed bin Rashid, Vice President and Ruler of Dubai.

Dubai's strategic location and advanced infrastructure already attract major companies,
with the emirate also taking efforts to create “investment opportunities for global

companies and youth, integrating them into developmental projects”, he said.

“Dubai aims to be a leading destination for markets, export, and re-export operations

across various sectors, maximising economic opportunities for investors in this field,”

Sheikh Mohammed said.

The latest initiative supports the Dubai Economic Agenda D33, which aims to double the

size of the emirate's economy to Dh32 trillion ($8.7 trillion) by 2033, transforming it into

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