THE ECONOMY - DUBAI WHOLESALE CITY
Mohammed bin Rashid launches AED30 billion Dubai Wholesale City - largest wholesale hub worldwide
Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, has launched Dubai Wholesale City, the largest global wholesale hub, set to span over 550 million sq. feet, with an expected development cost of AED30 billion over ten years.
The new development aims to increase the UAE's share of the global wholesale trade sector, which is valued at US$4.3 trillion and expected to grow to US$4.9 trillion in the next five years.
"The UAE is moving on with
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