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7/12/24, 9:54 AM Dubai to set up mega logistics hub for foodstuffs, vegetables

Dubai to set up mega logistics hub for foodstuffs,

vegetables

DUBAI Thu, 11 Jul 2024

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DP World, a leading provider of end-to-end supply chain solutions, has announced that it has signed a key agreement with Dubai
Municipality for the development of the largest logistics hub in the world for foodstuffs, fruit and vegetable trade.

This initiative aligns with the emirate's strategies to enhance investment and economic opportunities, thus contributing to the goals
of the Dubai Economic Agenda D33, which aims to double the size of Dubai's economy and transform it into one of the top three
economic cities globally by 2033, reported Wam.

The project also aims to improve quality of life for Dubai's residents and enhance the city's overall attractiveness and livability, it
added.

Announcing the launch, HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai,
said: "Today, we have launched our plan to develop the largest logistics hub in the world for the trade of foodstuffs, fruits and
vegetables. This expansion and doubling of the current market area will support our economic agenda and create larger
commercial and investment opportunities. We have entrusted DP World with the management, operation, and development of the
market, linking it with markets globally."

"Dubai's strategic location and advanced facilities make it a commercial and investment hub that attracts major companies. Our
efforts will double in the coming period to enhance the emirate's role in creating investment opportunities for global companies
and youth, integrating them into developmental projects. 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," he stated.

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