24/08/2017 – News / Food / Wholesale / Dubai Holding / Dubai / UAE
VIDEO: Go on a virtual tour of Dubai’s new $1.5bn Food Park
Last month, Dubai unveiled plans for a US$1.5bn (AED 5.5bn) Dubai Food Park project, which will be developed in the 550-million square feet Dubai Wholesale City.
Launched in the presence of Dubai Ruler Sheikh Mohammed, and located close to both Jebel Ali Port and Al Maktoum International Airport, the mega project is expected to vastly enhance the emirate’s competitiveness as the leading regional hub in the food sector and for re-exports of foodstuffs.
Set to facilitate an unprecedented level of integration across food-related services, the new Park is expected to attract US$8.1bn (AED 30bn) in investments.
Dubai Holding, the project’s developer, recently released a ‘virtual tour’ video to illustrate what the new Food Park will look like once completed.
“The food park will be unique for its strategic location and ease of access through all marine, air and land ports,” it said.
Set to attract $8.1 billion (AED30bn) in investments, the city, which includes an industrial park, will offer facilities to meet the dynamic needs of the region’s thriving trade, manufacturing and logistics sector.
The Dubai Wholesale City will increase the UAE’s share of the global wholesale trade sector, which is valued at $4.3 trillion, and expected to grow to $4.9 trillion in the next five years.