Sheikh Mohammed bin Rashid Al Maktoum – Vice President and Prime Minister of the UAE and Ruler of Dubai – has unveiled the blueprint for Dubai Food Park (DFP), the latest addition to Dubai Wholesale City (DWSC), according to a statement by WAM.
To be developed at a cost of $1.5 billion, it will be the 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. Conceptualised 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 $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,” WAM said.
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 $8.2 billion.
Read the full article on ME Construction News.