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Dubai to Double Fruit and Vegetable Market Size, Aiming for World’s Largest Logistics Hub

The ambitious project was announced on Wednesday by Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of Finance of the UAE

Dubai is set to double the size of its current fruit and vegetable market, transforming it into the world’s largest logistics hub for foodstuffs, fruits, and vegetable trade.

The ambitious project was announced on Wednesday by Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of Finance of the UAE.

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In collaboration with Dubai Municipality and DP World, the emirate aims to bolster its position as a global leader in market exports and re-exports across various sectors. This initiative is part of Dubai’s broader vision to become a premier destination for trade and logistics.

“The goal,” said Sheikh Maktoum, “is to make Dubai a destination for markets, export, and re-export operations for the region and the world in various sectors. We strive to provide advanced infrastructure and facilities with the latest specifications and best standards, create greater commercial and investment opportunities for investors, and support the UAE’s food security strategy.”

A Vision for Growth and Sustainability

The project’s primary objective is to support the UAE’s food security strategy by ensuring a steady and reliable supply of food products.

This expansion will provide the infrastructure needed to handle increasing volumes of trade efficiently, thereby enhancing Dubai’s role in the global food supply chain.

DP World, a leading global logistics company, will manage the expanded market. The company is well-known for its expertise in developing and operating some of the world’s largest ports and logistics hubs.

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This project will leverage DP World’s experience to ensure the new hub meets the highest standards of efficiency and sustainability.

Unified Trade Window

One of the key features of this mega project is the introduction of a unified trade window. This digital platform will streamline all procedures and enhance the customer journey, making it easier for traders and investors to conduct business.

The unified trade window will integrate various services and processes, reducing bureaucratic hurdles and expediting transactions.

The implementation of this platform is expected to attract more investors by simplifying the trading process. It will offer a seamless experience from the point of entry to the final destination, ensuring transparency and efficiency in all transactions.

Boosting Investment Opportunities

The expansion of the fruit and vegetable market is anticipated to create significant investment opportunities. With state-of-the-art facilities and a strategic location, the new hub will attract businesses from around the world.

The project aligns with Dubai’s ongoing efforts to diversify its economy and attract foreign investment.

“We are committed to creating an environment that supports business growth and innovation,” Sheikh Maktoum added. “This project is a testament to our dedication to providing world-class infrastructure and services to our business community.”

Conclusion

As Dubai continues to position itself as a global trade and logistics hub, the expansion of the fruit and vegetable market represents a significant milestone.

This project will not only enhance Dubai’s role in the global food supply chain but also contribute to the UAE’s long-term economic growth and food security goals.

With the combined efforts of Dubai Municipality and DP World, the emirate is set to achieve new heights in market exports and re-exports.

The introduction of the unified trade window and the creation of more investment opportunities will further solidify Dubai’s reputation as a premier destination for business and trade.

As Sheikh Maktoum concluded, “Our vision is clear, and our commitment is unwavering. We are building the future of trade and logistics, right here in Dubai.”

 

This article was created using automation technology and was thoroughly edited and fact-checked by one of our editorial staff members

Tariq Saeed

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