Dubai ruler unveils blueprint for $1.5bn Dubai Food Park

Dubai ruler unveils blueprint for $1.5bn Dubai Food Park
Dubai Food Park.
Published: 23 August 2017 - 5:35 a.m.
By: Jumana Abdel-Razzaq

The blueprint for Dubai Holding’s $1.5bn Dubai Food Park (DFP) has been unveiled by HH Sheikh Mohammed bin Rashid Al Maktoum, President, Prime Minister and Ruler of Dubai.

The park is the latest edition to the $8.1bn, Dubai Wholesale City currently under development in Dubai South and will be the first destination in the Middle East dedicated to serving the food sector.

The park will offer all categories of food-related services, including modern infrastructure and ancillary services spread across 4 million square metres (48 million sq ft) of space.

READ: Dubai Holding launches $1.5bn Dubai Food Park

 

DFP will also be the largest wholesale hub in the world, occupying 51 million square metres (550 million sq ft) 550 million square feet that will take shape over a 10-year period.

Abdulla Belhoul, CEO of Dubai Wholesale City, 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."

Food trade makes up 11% of the UAE's GDP with the food industry in the country estimated to grow by 70% to $6.3bn by 2030.

Excavation works on the Dubai Wholesale City site began in late 2016 with Port Saeed Transport and Building Contracting Company (PSTBC) awarded the contract to complete the construction of a 15km dual carriageway to link the UAE's Mohammed Bin Zayed Road and Emirates Road.

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