In the presence of His Highness Sheikh Ahmed bin Saeed Al Maktoum, President of the Dubai Integrated Economic Zones Authority (DIZ), and Maryam bint Mohammed Saeed Hareb Al Muhairi, Minister of Climate Change and Environment, the Dubai Integrated Economic Zones Authority Management Group has signed a memorandum of cooperation with the aim of developing a project “Food Technology Valley in Dubai”, through which “Dies” offers its expertise and operational solutions.
The agreement includes provisions for alternative licensing options, special visas, and the expansion of new services for the Food Technology Valley project, including customs, business establishment support and the labor market to stimulate collaboration between companies, in addition to advisory and administrative services.
The two parties will work together to define the details of Dies’s joint venture operations, and provide the necessary solutions to ensure the optimal implementation of the project, and to achieve the highest returns for partners and shareholders.
The agreement was signed at the headquarters of the Dubai Airport Freezone “DAFZ” by: Dr. Mohammed Al Zarooni, CEO of “Dies”, and Hisham Al Qassim, CEO of wasl Asset Management Group.
His Highness Sheikh Ahmed bin Saeed Al Maktoum said: “Slides are continuing their work aimed at enhancing its position as a key contributor to improving the attractiveness and competitiveness of the Dubai’s trade, investment and entrepreneurship system. To diversified and sustainable side branches, innovative working mechanisms, and based on knowledge, innovation and advanced technology, as key drivers of sustainable development.
His Highness added: “The Food Technology Valley in Dubai represents a strategic project with sustainable development and economic dimensions, and stems from the future vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and ruler of Dubai., may God protect him, embodying the culture of the impossible, which the UAE has adopted an approach to work.The project is crucial at the level of national food security as it integrates in its phases and series of initiatives with the national food security strategy and future development visions for the next fifty years Strategic partnerships form part of DIEZ’s vision to improve its contribution to the economic development of the Dubai Emirate, and this approach is clearly demonstrated by its collaboration with “Wasl” on an innovative project in the Food Technology Valley.
The two parties will work together in a number of areas within the project, including the application of the latest technological innovations and sustainable methodologies to contribute to the achievement of the objectives of the project led by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister was launched. of the UAE and Ruler of Dubai, may God protect him. In line with best practices and international standards, to continue the success stories it has achieved in building and developing economic zones with an effective contribution to the national economy for over 25 years.
The project aims to be a modern integrated city to improve food production and consolidate Dubai’s position as a world leader in this field. The “Food Technology Valley in Dubai” is a qualitative step within the national efforts to improve food security and develop the prospects for the agricultural technology sector, which is showing increasing importance as the agricultural technology market is expected to grow in value from $ 13.5 billion to $ 22 billion over the next four years. .
The Food Technology Valley is also an essential pillar within the national strategies to improve self-sufficiency and food security through the latest innovative agricultural methodologies, such as indoor farming and vertical farming, where more than 60% of project areas will be allocated to testing. , the use and development of these methodologies.
Dr. Mohammed Al Zarooni, in turn, reaffirmed Diy’s commitment to continue to support strategic projects in the emirate, in line with his vision to increase the momentum of commercial activity and the attractiveness of the local business environment for foreign investment and to improve regional and global companies. , which represent important side branches to increase the diversity of the national economic system.
He said: “Our partnership with wasl is of great importance as it could develop our partnership with one of the most prominent real estate and asset management companies in Dubai, and our contribution to the ‘Food Technology Valley’ project, which provides a qualitative additional to the sustainable development process and the country’s food security strategy, in line with the vision The health of His Highness Sheikh Mohammed bin Rashid Al Maktoum, who “sees food and medicine as strategic industries for a safer, more sustainable and prosperous future for our future generations . ” This agreement comes as a continuation of the fruitful cooperation between the two sides, which resulted in the successful partnership between the Dubai Airport Free Zone and wasl, in the launch of “Dubai Commercity”, the first free zone in e-commerce in the region.
Hisham Abdullah Al Qassim said: We are pleased to be working with the Dubai Integrated Economic Zones Authority on this innovative project, in line with the government’s efforts to transform the UAE into a world leader center for agricultural and food solutions based on advanced technology. We at wasl are keen to facilitate business growth in the field of food technology, and we will spare no effort to support partnerships and initiatives that contribute to the achievement of the National Food Security Strategy 2051.
The “Food Technology Valley in Dubai” project was launched to focus on food, innovation, knowledge, technology and sustainability. It also aims to support and attract new agricultural technologies, build a bridge to transfer knowledge locally and globally in this field, and establish a collaborative network to achieve the desired regional transformation. The Food Technology Valley aims to be a hub for knowledge transfer to build a more sustainable food system. The project will be an engine to drive the transformation of Dubai and the UAE into global destinations for agricultural and food products based on futuristic and clean technology. The project, when completed, covers an area of 18 million square feet, will create more than 14,000 jobs, is expected to attract more than 4,000 visitors and will be home to more than 1,150 residents.
The Dubai Integrated Economic Zones Authority represents a driving force to consolidate the role of the Dubai Emirates as a center of gravity on the global trade and investment map, as it includes the “Dubai Airport Free Zone”, “Dubai Silicon” under one umbrella Oasis “and” Dubai Commercity “, which enable the provision of an ideal environment for the growth and expansion of foreign companies, and the prosperity of the business community and local investment, by achieving the integration of three different business methodologies, backed by more than 25 years of experience in attracting the elite of multinational companies in various categories and sectors, which today number nearly 5,000 companies.