His Highness Sheikh Mohammed bin Rashid Al Maktoum Unveils Blueprint for Dubai Food Park
His Highness 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 most up to date enhancement to Dubai Wholesale City (DWSC).
To be established at a cost of US$ 1.5 billion, first destination in the center East devoted to serving the food market. DFP looks for to enhance Dubai's placement as a top regional center for food trade, import, export and re-export of foods items. Conceptualized at a time when food trade comprises 11 percent of the UAE's GDP and the food industry is estimated to expand by 70 percent to US$ 6.3 billion by 2030, the Park will use all classifications of food wholesale services to fulfill the high need of the food industry in the UAE and the larger region.
DFP will certainly extend over 48 million square feet within DWSC, the largest wholesale center in the world occupying 550 million square feet that will take shape over a 10-year duration at an approximated price of US$ 8.2 billion. The Park's strategic place at the crossroads of East and West and easy accessibility to Dubai's sophisticated logistics facilities identify it from other wholesale locations worldwide.
DFP will certainly drop under the guidance and obligation of Abdulla Belhoul, Chief Executive Officer of Dubai Wholesale City. Speaking on the project, Belhoul said: "DFP has been established to meet the boosted requirement for specialized logistical services to minimize supply chain expenses. The Park will certainly be a one-stop destination for federal government, administrative and logistical solutions associated with food wholesale, import, export and re-export."
The Park will certainly include a central wholesale market serving the retail, hospitality and food solution market, a logistics location, corresponding services location, managing packaged products area, a facility for recycling natural waste, and an extensive variety of governmental solutions including custom-mades clearance, licensing, food security and examination - all under one roof.
Benefiting from Dubai's world-class framework in land, aquatic and air transport, DFP will certainly offer an appealing atmosphere for business drivers and global capitalists. The Park is readied to play a vital role in supporting global food safety, and fostering innovation throughout the industry.
