Dubai Holding launches $1.5bn Dubai Food Park
Dubai Holding has unveiled plans to build the $1.5bn (AED5.5bn) Dubai Food Park located at Dubai Wholesale City, the company announced at a briefing on Tuesday
Dubai Holding has unveiled plans to build the $1.5bn (AED5.5bn) Dubai Food Park located at Dubai Wholesale City, the company announced at a briefing on Tuesday.
Officially launched in the presence of Dubai’s ruler HH Sheikh Mohammed bin Rashid Al Maktoum, the park will offer all categories of food-related services, including modern infrastructure and ancillary services spread across 48 million square feet of space.
The project will include a central wholesale market that serves the retail, hospitality and food service sector, a logistics area, an area for complementary services such as packing, repacking, and processing, and a dedicated area for handling packaged goods.
It will also host employee accommodation, in addition to hotels, financial services, a centre for integrated government services and recycling organic waste.
Government services including customs, clearance, licensing, food safety and supervision will also be provided within a dedicated space, helping to boost the growth of food companies and reduce supply chain costs.
HE Abdulla Al Habbai, chairman of Dubai Holding, said: "Dubai Food Park has been established to meet the growing demand from the food sector in the UAE and the region, triggered by population growth and the development of the tourism sector.
“There is an increased need for specialised logistical services that ease supply chain costs, as well as for more dedicated spaces to accommodate the fast growing operations of food companies in Dubai.”
Food trade currently makes up 11% of the UAE's GDP, with the food industry estimated to grow by 70% to $6.2bn (AED23bn) by 2030.
Dubai Food Park will also play a vital role in supporting food security in the UAE.
“While this project is a unique commercial opportunity, it also provides the right platform for developing this vital sector and providing an exceptional experience that will contribute towards revolutionizing the sector on a global level,” Habbai added.