The project consists of an integrated agri-storage and processing unit, enhancing year-round availability and production of essential grains and pulses
The latest news from DP World is that two important projects have just been signed, both involving agricultural commodity processors, which are said to significantly strengthen the food processing capabilities within the Jebel Ali Agri Terminal. The projects are said to align with the UAE’s National Food Security Strategy 2051.
The two facilities, for concessions with Adroit Canada and Al Amir Foods, are set to be built over a quayside plot of nearly 100,000sqm. The project consists of an integrated agri-storage and processing unit, enhancing year-round availability and production of essential grains and pulses, while the concessions ensure a reliable, consistent – and safe – agricultural value chain. With an estimated investment of $54.4mn, they together provide a singular eco-system for bulk silo storage and agri-processing in the region.
The signing ceremony was attended by Abdulla bin Damithan, CEO & Managing Director, DP World UAE and Jafza; Yogesh Raipuria, Chief Executive Officer, Adroit Canada; and Yasin Abdul Majid Ranani, Managing Director, Al Amir Foods, along with other key officials.
The facilities are expected to account for annual trade of more than $245mn, contributing to Dubai’s strategic plan of boosting foreign trade to $544bn. Meanwhile, DP World’s Food and Agriculture Terminal at the Jebel Ali Port has positioned Dubai as a key gateway for global trade in the F&B sector. Backed by double-digit growth in exports, Dubai’s external foodstuff trade has already jumped 11% year-on-year to reach $15.5bn in 2021, compared to $14bn in 2020.
Abdulla bin Damithan added, “DP World has been a key contributor to the growth of the F&B sector. Our vision is always set on achieving the country’s national goals by supporting initiatives such as the National Food Security Strategy 2051. In alignment with this, we look forward to amplifying trade for the UAE and the Middle East by enabling agri-trade and through our new developments in the Jebel Ali Port.”
In early July, Abu Dhabi launched a $2.72bn drive to expand the city’s manufacturing sector to over $46bn, while later in the month, the world’s largest vertical farm opened in Dubai.