Published on : Wednesday, March 2, 2016
The hub is set to cover over 550 million square feet and cost 30 billion dirham (8.17 billion U. S. dollars) in 10 years, according to the report.
The hub will comprise specialised trading parks and an international trade exhibition facility, so as to establish a crucial link between four main continents and attract over 15,000 wholesale traders.
Featuring “Country Pavilions,” it will also include commercial centres and malls, offering products from other countries such as China, Saudi Arabia, Australia, Germany and the United States.
It will be located 10 minutes away from Dubai’s second airport, Al Maktoum International Airport, and the Jebel Ali Port, the largest man-made container port in the world.
The project aims to increase the UAE’s share of the global wholesale trade sector, expected to reach 4.9 trillion U.S. dollars in the next five years.