Dubai Alex Block/Unsplash

Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, announced the creation of the world's largest logistics hub for foodstuffs, fruits, and vegetables. This hub, supporting the Dubai Economic Agenda D33, will serve the largest market for these goods globally.

The agenda aims to double Dubai's economy and make it one of the top three global economic cities by 2033. The project is part of the emirate's goal to improve the quality of life for the community and establish itself as a top global trade hub.

Through the implementation of these innovative strategies and initiatives, Dubai aims to attract significant investment opportunities and pave the way for unparalleled business growth and expansion.

"Today, we have launched our plan to develop the largest logistics hub in the world for the trade of foodstuffs, fruits and vegetables. This expansion and doubling of the current market area will support our economic agenda and create larger commercial and investment opportunities," Sheikh Mohammed said, according to WAM.

"We have entrusted DP World with the management, operation, and development of the market, linking it with markets globally. Dubai's strategic location and advanced facilities make it a commercial and investment hub that attracts major companies," he added.

Sheikh Mohammed, who also serves as Vice President and Prime Minister of the UAE, noted that the efforts from the administration will be doubled in the upcoming period to enhance the emirate's role in creating investment opportunities for global companies and youth by integrating them into developmental projects.

He emphasized that Dubai's vision is to become a leading destination for markets, export, and re-export operations across various sectors, maximizing economic opportunities for investors in this field.

Under the directives of Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai, a partnership agreement between Dubai Municipality and DP World was signed Wednesday.

Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance of the UAE, witnessed this signing ceremony.

The agreement establishes the "Foodstuffs, Fruits, and Vegetables Market," which will be the world's largest of its kind. Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, and Dawood Al Hajri, Director General of Dubai Municipality, signed the agreement.

Speaking at the ceremony, Sheikh Maktoum said that Dubai aims to achieve ambitious goals under the economic agenda to become one of the top three global economic cities by 2033.

Sulayem, on the other hand, noted that Dubai serves as a global model for not only providing investment opportunities but also connecting regional and global markets across various sectors of trade.