Work starts on wholesale trading hub
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.