Dubai – Mubasher: The Dubai Food Park (DFP), a subsidiary of Dubai Holding, has signed a strategic agreement worth AED 1.35 billion with Ningxia Forward Fund Management Company to build a China-UAE Food Industrial cluster.
The deal will comprise six major components: meal processing, packaged food processing, cold chain storage, production of food packages, e-commerce, a commodities exhibition, and bio-safety disposal of wastewater and wastes, according to a statement released Sunday.
Food processing will take centre stage within the plant’s operations, with 75% of the total project area to be allocated for factories, 17% for warehouses, and 8% divided between offices and other facilities.
The 4.38 million square-foot cluster will be home to 30 food plants, including two Chinese catering companies and two advanced manufacturing plants for food packaging materials.
The project is scheduled for hand-over two years after construction begins, the statement said; however, no start date was disclosed.
