Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, directed the establishment of the “Food, Vegetable and Fruit Market,” the largest food, vegetable and fruit market in the world.
This comes within the framework of the emirate’s directions and strategies to enhance investment and economic opportunities, which contributes to achieving the goals of the Dubai Economic Agenda D33, which aims to double the size of the emirate’s economy and transform it into one of the three best economic cities by 2033, in addition to improving the quality of life of Dubai’s residents and enhancing its attractiveness and luxury of living there.
Sheikh Mohammed bin Rashid Al Maktoum said: “Today we launched our plan to develop the largest logistics area in the world for trade in foodstuffs, vegetables and fruits... expanding and doubling the area of the current market to support our economic agenda and creating greater trade and investment opportunities... and we assigned the Dubai Ports World group to manage and operate the market, develop it and connect it.” with global markets.
He added: “Dubai, with its strategic location and advanced facilities, represents a commercial and investment center that attracts major companies. Work will double during the coming period to enhance the emirate’s role in creating investment opportunities for international companies. Dubai will be a destination for export and re-export markets and operations in various sectors and maximize economic opportunities for investors in this field.” the field".
Partnership to create and manage the market
Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, Vice Chairman of the Executive Council, witnessed the signing of a partnership agreement between Dubai Municipality and DP World Group, to establish and manage the “Food, Vegetable and Fruit Market”, which will be the largest A market for foodstuffs, vegetables and fruits in the world, where the agreement was signed by Sultan Ahmed bin Sulayem, Chairman of the Board of Directors of DP World Group, and Dawood Al Hajri, Director General of Dubai Municipality.
Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum stressed: “Dubai is moving towards consolidating new successes on the way to achieving the goals of its ambitious economic agenda, to be among the three best economic cities in the world by 2033, and Dubai’s economic model has become a reference to be emulated in its flexibility, efficiency and ability to... Ensuring sustainable growth, which doubles the emirate’s global attractiveness for investment opportunities.”
He said: "The new project will create new economic opportunities... and a better investment environment in this important food sector and supports the vision of the Dubai Economic Agenda D33."
Connecting regional and global markets
Sultan Ahmed bin Sulayem, Chairman of the Board of Directors of DP World Group, said that Dubai is considered a leading global model in generating investment opportunities and linking regional and global markets in various trade sectors, and its logistical solutions that ensure the sustainability of supply chains in all fields, pointing out that Establishing the world's largest “market for foodstuffs, vegetables and fruits” would establish strong foundations for trade in this field across the markets of the region and the world, especially through the logistical and financing solutions that will be provided through the management of this market, to expand the arms of trade in this field regionally and globally.
The development plan for this market includes providing advanced infrastructure and spacious, refrigerated storage facilities with the latest specifications and standards that are compatible with the operational requirements of this vital sector, in addition to ample loading and unloading yards that are compatible with smooth traffic movement within the market campus and the roads surrounding it.
He stressed that this market will support the UAE’s food security strategy, meet the growing needs of society, including citizens and residents, enhance the sector’s growth rates, and attract various investors to this market. The market will also form a unified commercial window for all procedures and customers’ journeys smoothly, in addition to integrated logistical and cold chain solutions.
He added: “Dubai, due to its strategic location, has become a global market for food trade, especially vegetables and fruits, and this field is witnessing increasing growth, whether in the local market or through export, which indicates a huge amount of opportunities that can be invested through the strategic projects that Dubai continues to develop.” “Stressing that establishing a market for foodstuffs, vegetables and fruits, doubling its area, and launching its pioneering solutions will all constitute a powerful engine to maximize the benefit from the growth of this field in achieving Dubai’s goals of doubling its economy.”
Strengthening Dubai's commercial position
For his part, Daoud Al Hajri, Director General of Dubai Municipality, said that the agreement to establish and manage: “the food, vegetable and fruit market” comes within the ongoing cooperation between various parties to enhance Dubai’s competitiveness and its attractiveness for investment, living and work, and this agreement reflects Dubai’s trends in developing markets to improve the quality of life of the community. Dubai, consolidating the emirate’s position as an international trade center, and providing innovative solutions to enhance investment opportunities, open horizons for new businesses, and double the volume of trade.”
He added: “The goal of this agreement, through which the “food, vegetables and fruits market” is outsourced to the Dubai Ports World Group (DP World), and linking the market with global markets, is to provide pioneering logistical and financing solutions to companies and traders in this field, which is witnessing "Increasing growth, which will establish new elements to double the growth of Dubai's economy and trade and enhance its attractiveness for investment."
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