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UAE Freezones Biz News Updates
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Blueprint unveiled for $1.5bn Dubai Food Park
Complex will be the first destination in the Middle East dedicated to
serving the food sector
Sheikh Mohammed bin Rashid Al Maktoum – Vice President and Prime Minister of
the UAE and Ruler of Dubai – has unveiled the blueprint for Dubai Food Park
(DFP), the latest addition to Dubai Wholesale City (DWSC), according to a
statement by WAM.
To be developed at a cost of $1.5 billion, it will be the first destination
in the Middle East dedicated to serving the food sector.
“DFP seeks to enhance Dubai’s position as a leading regional hub for food
trade, import, export and re-export of foodstuffs. Conceptualised at a time
when food trade makes up 11 percent of the UAE’s GDP and the food industry
is estimated to grow by 70 percent to $6.3 billion by 2030, the park will
offer all categories of food wholesale services to meet the high demand of
the food sector in the UAE and the wider region,” WAM said.
DFP will span over 48 million square feet within DWSC, the largest wholesale
hub in the world occupying 550 million square feet that will take shape over
a 10-year period at an estimated cost of $8.2 billion.
DFP will fall under the supervision and responsibility of Abdulla Belhoul,
CEO of Dubai Wholesale City. Belhoul said “DFP has been established to meet
the increased need for specialised logistical services to reduce supply
chain costs. The park will be a one-stop destination for government,
administrative and logistical services related to food wholesale, import,
export and re-export.”
The park will feature a central wholesale market serving the retail,
hospitality and food service sector, a logistics area, complementary
services area, handling packaged goods area, a facility for recycling
organic waste, and a comprehensive range of governmental services including
customs clearance, licensing, food safety and inspection.
August 24, 2017
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Courtesy CPI Trade Media
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