Dubai Wholesale City Opens Long-term Leases for Companies, Traders

Arabic

  • Largest city of its kind in the world starts accepting applications from prospective business partners
  • Aims to showcase leasing opportunities at Cityscape Global 2016 from Stand, S1-E10, at Dubai World Trade Centre
  • Dr Amina Al Rustamani: Dubai Wholesale City contributes to national economic diversification efforts
  • Abdulla Belhoul: We are working to transform the global trading sector through offering cutting-edge solutions to varied challenges faced by traders worldwide

Dubai-UAE: 3 September, 2016 – Dubai Wholesale City, the largest wholesale hub in the world, has commenced accepting applications from companies and traders interested in booking space at the integrated development. The city is working towards strengthening the status of the UAE as a key market in international trade.

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Dubai Wholesale City has invited interested companies and traders to submit their applications for lease via its website (www.dubaiwholesalecity.ae), by email (sales@dubaiwholesalecity.ae) or in person at its stand (Dubai Holding, TECOM Group, S1-E10) in Hall 1, during its participation at Cityscape Global 2016 that is set to run from September 6 to 8 at Dubai World Trade Centre.

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Speaking on the announcement, Dr Amina Al Rustamani, Group Chief Executive Officer of TECOM Group, said: “Dubai Wholesale City is a key contributor to the efforts of TECOM Group in articulating His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, UAE’s post-oil vision. Since inception, TECOM has been successfully creating business ecosystems across media, ICT, education, science, design and manufacturing to support Dubai’s economic diversification strategy with hubs such as a Media City and Internet City and the introduction of Dubai Design District in 2014. Increasing our sector offering to 7 with the launch of the world’s largest wholesale city, these sectors are considered pillars of the UAE economy. Dubai Wholesale City plays an integral role in consolidating Dubai’s position as a regional capital and an international center for trade and business. It will increase the contribution to the UAE’s wholesale trading sector close to 10% by 2030. The progress on the development and planning of the AED30 billion destination hub, set to span over 550 million sq feet is going according to plan.”

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For his part, Abdulla Belhoul, Chief Executive Officer of Dubai Wholesale City, said: “2016 marks our debut at Cityscape Global and provides us with a unique opportunity to engage with potential partners in different industries and sectors. We believe by highlighting the dynamic offerings of Dubai Wholesale City, and showcasing the blueprint of the project as well as its progress to date, we will effectively draw the interest of serious local and international investors. Cityscape will also give us the opportunity to highlight Dubai Wholesale City’s critical role in the global trading sector that is expected to grow to about US$4.9 billion in the next five years. Such figures reinforce the vast opportunities the city can provide for its business partners.”

Belhoul added: “Today, we have also started taking bookings for space at the wholesale development. Companies and traders keen to establish their operations at our hub will benefit from its advanced infrastructure and world-class services and can book their space by visiting our team, at our stand at Cityscape.”

“Given the high interest expressed by over 300 investors at the time of the announcement of the project by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, we expect a significant uptake from companies interested in basing their trade operations within our city.”

Belhoul reiterated Dubai Whole Sale City’s credentials as a wholesale hub of choice that offers a competitive and attractive investment opportunity. The destination is the perfect fit for a range of development projects, and is also targeting retailers keen to expand into wholesale and increase their investments within the GCC region.

Interested companies and traders can also submit application forms on the Dubai Wholesale City’s exclusive website.

In addition to providing wholesale traders with comprehensive offerings such as state-of-the-art infrastructure, integrated solutions, and a platform to connect, Dubai Whole Sale City will also extend support services, such as cargo, customs, insurance, finance, waste management and industrial hygiene, guaranteeing high operational efficiency and ease of doing business.

The largest wholesale development is also strategically located with links to Al Maktoum International Airport, Jebel Ali Port, all major highways and the future Etihad Rail, connecting it to all four major means of transportation, making it a location of choice.

Integrated Solutions

During Cityscape Global 2016, Dubai Whole Sale City will showcase three designated areas including its specialised wholesale avenues, cross-docking facilities and specialised wholesale markets, offering visitors a first-hand experience of the city’s enhanced proposition.

Belhoul said: “Once complete, Dubai Wholesale City will emerge as the top regional destination, and key link in the supply chain for global wholesale trade, offering best-in-class and fully integrated services to traders and companies. In addition, we intend to successfully leverage the strategic geographical advantages of Dubai and the wider UAE to ensure unparalleled efficiency in reducing the gap between supply and demand. We are working to support the UAE’s journey towards a diversified and sustainable economy that fulfils the post-oil vision of our wise leadership.”

Dubai Wholesale City is a fully-integrated trading hub that aims to meet the needs of the local and international wholesale trading sector. The destination is projected to emerge as the world’s leading wholesale trading hub and strengthen the UAE’s position as a pivotal market in global trade.

About Dubai Wholesale City

Dubai Wholesale City is the largest global market for wholesale products. The development will be a major hub for international wholesale trade. The project will also support vital sectors such as logistics, financial services, aviation, hospitality and business tourism.

Dubai Wholesale City spans over 550 million square feet encompassing the current location of Dubai Industrial City, which will become an integral part of Dubai Wholesale City.

The new project is just 10 minutes away from Al Maktoum Airport and Jebel Ali Port and will be linked to the future Etihad Rail. Dubai Wholesale City will comprise of specialized wholesale parks, an international permanent trade exhibition, specialized wholesale avenues, country pavilions and an e-commerce platform. It will focus on wholesale trade in a number of vital sectors including food, construction materials, electrical appliances, electronics, furniture and décor, machinery, equipment, wood, vehicles and spare parts, and textiles and clothing.

For additional information, please visit: www.dubaiwholesalecity.ae

About TECOM GROUP

TECOM Group, a member of Dubai Holding, is a strategic business enabler contributing to the realisation of Dubai’s economic aspirations by creating sector-focused communities and thriving work environments that enable business success.

TECOM Group’s 11 business communities reinforce Dubai’s position as a global hub for business and commerce, and have attracted companies and talent from around the world including industry leaders such as Google, CNN, DELL and Unilever. Covering seven vibrant industry sectors, TECOM’s business communities offer a home in the region to over 5,100 companies ranging from start-ups to multinational corporations employing 76,000 creative workers.

TECOM Group is a committed partner in the government’s efforts to transform Dubai into a global business hub, the smartest city in the world, the capital of the Islamic Economy, and is in full alignment with Dubai 3D printing strategy and the Dubai Plan 2021.

TECOM Group’s 3D printing initiatives include International Centre for 3D Printing in Dubai Industrial City, and a prototyping lab and incubation center for designers and creatives at Dubai Design District (d3) with a 3D printing area that features a state-of-the art machinery and training courses and workshops. In addition, the Group is allocating part of its planned start-up fund, which will invest seed capital in early stage ventures, to 3D printing.

The Group has been a major catalyst for Dubai’s development into a knowledge-economy, and is now a frontrunner in delivering the government’s Innovation Strategy, championing the growth of start- ups and small firms as well as the Emirate’s service sector.

TECOM Group’s free zone business communities feature purpose-built facilities and industry-specific infrastructure. These include Dubai Internet City, Dubai Outsource City, Dubai Media City, Dubai Studio City, Dubai Production City (formerly International Media Production Zone), Dubai Knowledge Park (formerly Dubai Knowledge Village), Dubai International Academic City, Dubai Science Park and Dubai Design District (d3).

Dubai Wholesale City is the Group’s newest business community, and the region’s first integrated wholesale trading hub, which spans an area of over 550 million sq. ft. and was established to serve as a global one-stop shop for a wide range of wholesale products.

For more information please visit: www.tecomgroup.ae

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