His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, announced the development of the Logistics Hub for Foodstuffs, Fruit and Vegetable Trade, the largest such facility in the world, serving the world’s largest market for foodstuffs, fruits and vegetables.
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. The project also aims to improve quality of life for Dubai's residents and enhance the city's overall attractiveness and livability.
In line with His Highness's directives and under the supervision of H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai, H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance of the UAE, witnessed the signing of a partnership agreement between Dubai Municipality and DP World.
This agreement marks the creation and management of the ‘Foodstuffs, Fruits and Vegetables Market,’ set to be the largest of its kind globally.
The agreement was signed by Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, and Dawood Al Hajri, Director General of Dubai Municipality.
Sheikh Maktoum emphasised that Dubai is advancing under the vision of Sheikh Mohammed bin Rashid, aiming to showcase new successes in achieving the ambitious goals of the economic agenda to be among the top three economic cities globally by 2033. The flexibility, efficiency, and sustainability of Dubai's economic model enhance its global attractiveness for investment opportunities.
Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, noted that Dubai is a global model for generating investment opportunities and connecting regional and global markets across various sectors of trade.He highlighted that establishing the world's largest foodstuffs, fruits and vegetables market will reinforce strong foundations of trade in this sphere across regional and global markets, particularly through novel logistical and financial solutions bound to be offered by the market.
