The largest wholesale city will be built in Dubai with the help of AED 30 billion investment.
On March 1, 2016 the Emir of Dubai approved the construction of the Wholesale City, which will cover 550 sq. ft. in Dubai Emirate.
The City will facilitate markets, warehouses, logistic centres, client supports centres, insurance companies, banks and residential buildings.
Also, the Wholesale City, having direct access to Jebel Ali Port and Al Maktoum International Airport, will host international exhibitions.
The purpose of the project is to help UAE acquire a major part of the world economy estimated at USD 4.3 trillion. The City will become the wholesale capital of the region and will be able to facilitate over 15 thousand trading companies.