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He said that the investments will be
channeled in developing a comprehensive
project in order to meet wholesale sector
needs at local and international levels. It also
contributes to in integrated infrastructure
that includes facilities, buildings, utilities,
and modern road networks.
Vital Sectors
The city in the first phase will serve a
number of vital sectors that include food
products, building materials, electrical,
electronics, furniture, décor, machinery,
equipment, wood, cars, spare parts,
texture, and clothes. The city will be as a
state of the art integrated system supports
entrepreneurship and renders services as
per the highest international standards in
design, execution, energy efficiency, waste
management, environment impact, and
health and safety standards.
The city employs the latest technologies
in trade area to be a new international
wholesale platform and a key link between
the world trade markets.
The city also includes support services
such as shipping centers, custom services,
insurance companies, storage solutions,
banking services, residential and hotel
units, markets, exhibitions, and others.
The new city will take benefit from the
integrated infrastructure of transport,
shipping, and logistic services in addition
to the special location near Al Maktoum
International Airport and Jebel Ali Port
which are themost significant international
shipping hubs.
In the same context, Sultan Al Mansoori,
The Minister of Economy confirmed that
the launch of Dubai Wholesale City is
in line with UAE directions to enhance
its position as an international crossing
point connecting the world trade lines
between different continents. He added
that the project will enhance Dubai and
UAE position as a great trade player in the
world market of $ 4.3 trillion and the project
will contribute to attracting hundreds of in
global companies to select Dubai as their
headquarters.
international wholesale capital and to
enhance UAE role and position as a central
market in the world trade.
The city will also introduce Dubai and
UAE into a new global economic sector.
The wholesale sector is one of the most
important sectors with large economic
prospects. The world trade is expected
to grow 12% over next three years with
investment volume of $4.9 trillion by 2019.
The city will meet the wholesale needs in
one place based on a modern innovated
vision as it includes developed integrated
wholesale clusters in addition to permanent
exhibitions for the world trade.
The city clusters will provide all wholesalers
needs from markets, showrooms, shops,
and warehouses. In addition to transport
and storage services based on the highest
international
levels
ensuring
high
operational efficiency and speed in works
completion.
The international commercial exhibitions
will bring together wholesale importers
from countries from the region and the
world with the manufacturers from the
main producers in Asia, Europe, America,
and Africa.
The city also will play a role of a commercial
broker for the wholesalers in international
export chains via providing a gathering
place for both producers and suppliers from
different countries which will save time and
effort and giving them a broad range of
choices and universal services.
Unique Vision
MohammedAlGergawi,ChairmanofDubai
Holding said that the city is an extension of
sequence of cities that represents a unique
vision of HHSheikhMohammed binRashid
Al Maktoum in launching integrated cities
to render services to entire sectors in one
place.
These cities such as Dubai Internet City and
Dubai Media City that includes about 5200
companies and 67 thousand specialists in
knowledge sector.
He indicated that Dubai Wholesale City
represents an initiative within a number of
projects that aim to contribute to achieving
UAE vision for a post oil era. He also said
that Dubai Holding is committed to support
the wise leadership visions in sustainable
development process.
He added that the city launch comes as a
result of comprehensive studies and forms
a qualitative addition to economic activities
in Dubai. We are confident that next period
will generate positive effects in wholesale in
UAE , the region , and the world.