Agriculture, AgriTech And FoodTech

Agriculture, AgriTech And FoodTech
Aug 28, 2017

United Arab Emirates will invest US$1.5 billion in Dubai Food Park

To be developed at a cost of US$1.5 billion, first destination in the Middle East dedicated to serving the food sector. DFP seeks to enhance Dubai’s position as a leading regional hub for food trade, import, export and re-export of foodstuffs. Conceptualized at a time when food trade makes up 11 percent of the UAE’s GDP and the food industry is estimated to grow by 70 percent to US$6.3 billion by 2030, the Park will offer all categories of food wholesale services to meet the high demand of the food sector in the UAE and the wider region.

DFP will span over 48 million square feet within DWSC, the largest wholesale hub in the world occupying 550 million square feet that will take shape over a 10-year period at an estimated cost of US$8.2 billion. The Park’s strategic location at the crossroads of East and West and easy accessibility to Dubai’s advanced logistics facilities distinguish it from other wholesale destinations worldwide.

Photo: Dubai Food Park (credit: AETOS Wire)

Check more