Dubai Holding to build $1.5bn food park
July 15, 2017 – Dubai Holding, an investment holding company, has launched an AED5.5bn ($1.5bn) Dubai Food Park development project.
Located adjacent to the Al Maktoum International Airport and Expo 2020 site, the 48m sq ft mixed-use development is within the Dubai Wholesale City master plan. Dubai Holding will be responsible for the development and management of the proposed food part.
Besides providing all categories of food-related services, including modern infrastructure and ancillary services, the Park will offer a range of comprehensive government services such as customs, clearance, licensing, food safety and supervision all under one roof.
Dubai Food Park will feature a central wholesale market that serves the retail, hospitality and food service sector, a logistics area, an area for complementary services including packing, repacking, and processing, and a dedicated area for handling packaged goods.
Additionally, the project will also host employees’ accommodation, hotels, financial services, a centre for integrated government services and recycling organic waste.
Dubai Holding is currently in the final stages of negotiations with international food companies headquartered in Dubai to join the Dubai Food Park.
Dubai Holding chairman Abdulla Al Habbai said: “Dubai food park has been established to meet the growing demand from the food sector in the UAE and the region, triggered by population growth and the development of the tourism sector.
“There is an increased need for specialised logistical services that ease supply chain costs, as well as for more dedicated spaces to accommodate the fast growing operations of food companies in Dubai.”