Dubai is taking a major step in global trade by announcing its new project to build the world’s largest fruit and vegetable market. This ambitious plan aims to boost the city’s economy, aligning with the Dubai Economic Agenda D33, which aims to double its economic size and rank it among the top three global cities by 2033.
Strategic Economic Vision
Led by Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, the Logistics Hub for Foodstuffs, Fruit, and Vegetable Trade will be the largest worldwide. This initiative enhances the quality of life for residents and makes the city more attractive and livable.
Sheikh Mohammed said, “Today, we have launched our plan to develop the largest logistics hub in the world for the trade of foodstuffs, fruits, and vegetables. Expanding and doubling the current market area will support our economic agenda and create larger commercial and investment opportunities.”
A Global Logistics and Investment Hub
Dubai’s strategic location and advanced infrastructure make it an ideal hub for commerce and investment. With its state-of-the-art facilities and commitment to innovation, the city is already a key player in global trade. The new logistics hub will strengthen this position, attracting major companies and creating significant economic opportunities for both global businesses and local youth.
DP World, a leading global logistics provider, will manage the project. Sheikh Mohammed has entrusted DP World with the market’s management, operation, and development, ensuring its integration with global markets.
Partnership and Strategic Development
Dubai Municipality and DP World formalized the Logistics Hub for Foodstuffs, Fruit, and Vegetable Trade through a partnership agreement. Sultan Ahmed bin Sulayem, CEO of DP World, and Dawood Al Hajri, Director General of Dubai Municipality, signed it under the supervision of Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai.
Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of Finance of the UAE, emphasized the project’s importance in achieving Dubai’s economic goals. He highlighted that the new project will create new economic opportunities and a better investment environment in the crucial food sector, supporting Dubai’s D33 economic vision.
Driving Economic Growth and Sustainability
Sultan Ahmed bin Sulayem said “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.”
Dubai’s strategic location has made it a central hub for the global food trade. Its advanced logistics infrastructure and commitment to innovation have positioned it as a leader in the sector.
A Promising Future
By positioning itself as a leading destination for global markets, export, and re-export operations, Dubai continues to drive toward achieving its ambitious economic goals on a global stage. The emirate’s unwavering commitment to innovation, efficiency, and sustainability will undoubtedly pave the way for a brighter, more prosperous future.
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