Work starts on whole­sale trad­ing hub

7 Days in Dubai - - BUSINESS - Busi­ness@7days.ae

Con­struc­tion work has be­gun on a trad­ing hub to house Dubai’s sup­pli­ers in one district.

The build­ing of Dubai Whole­sale City got un­der way this week with the 550 mil­lion ft sq zone lo­cated 10 min­utes drive from Al Mak­toum In­ter­na­tional Air­port.

The city’s man­age­ment, part of the TECOM group, ap­pointed Port Saeed Trans­port & Build­ing Con­tract­ing Com­pany to ex­e­cute site works, which will in­clude lev­el­ling, grad­ing and ex­ca­vat­ing, span­ning over 135 mil­lion square feet.

The work will in­volve mov­ing enough sand and soil to fill 10,000 Olympic pools.

Along with serv­ing as a hub for busi­nesses, the city will also fea­ture ‘coun­try pavil­ions’ for mem­bers of the pub­lic, which will in­clude commercial cen­tres and malls of­fer­ing prod­ucts from coun­tries in­clud­ing India, Malaysia, Thai­land, Tur­key, Aus­tralia and China.

Port Saeed’s scope also in­cludes con­struct­ing a 15km dual car­riage­way that con­nects two ma­jor high­ways – Sheikh Mo­hamed bin Zayed Road and Emirates Road.

Speak­ing at the site, Ab­dulla Bel­houl, Chief Ex­ec­u­tive Of­fi­cer of Dubai Whole­sale City, said: “The com­mence­ment of con­struc­tion on this mega pro­ject marks a new chapter in trans­form­ing our vi­sion into re­al­ity.

“Our goal is to shape an eco­nomic en­tity that sets ex­em­plary stan­dards of ex­cel­lence for this thriv­ing sec­tor. Once com­plete, Dubai Whole­sale City will lever­age Dubai’s strate­gic ge­o­graph­i­cal po­si­tion to emerge as a key player in global whole­sale trade.”

Dubai Whole­sale City is de­scribed as a “fully in­te­grated trad­ing hub and is the largest-of-it­skind in the re­gion”.

Set to at­tract Dhs30 bil­lion in in­vest­ments over 10 years, it will of­fer com­pa­nies and in­vestors commercial and in­dus­trial land, mar­kets, ware­houses, show­rooms and shops un­der one roof, as well as trans­port and stor­age and links to ship­ping and cus­toms ser­vices.

Sheikh Mo­hammed bin Rashid Al Mak­toum, Vice Pres­i­dent and Prime Min­is­ter and Ruler of Dubai, an­nounced the pro­ject in March.

Newspapers in English

Newspapers from UAE

© PressReader. All rights reserved.