Dubai Company Setups to Increase with Launch of Multi Billion Dirham Food Park

July, 2017

The Government of Dubai has unveiled plans for the launch of a new AED 5.5 billion Food Park in Dubai’s Wholesale City.

As reported in Gulfnews.com, the huge 48 million square feet facility is set to be the first of its kind in the UAE. It will cater for the emirate’s rapidly growing food sector and it will strongly enhance Dubai’s competitiveness in the food industry.

This is exciting news as it adds another positive ranking to Dubai’s excellent track record for business opportunities and it will catapult the emirate forward to becoming the region’s leading hub for the food industry.

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A boost in Dubai company setups is anticipated as leading global food companies and investors in the food industry seeking access to new, huge markets will be setting up their new companies.

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Dubai Food Park will be a one-stop facility providing all food-related activities at one location. It will be designed in line with the highest global standards.

The ultra-modern, mega facility is expected to be dedicated to all activities related to the food industry such as food storage, repackaging, trading, processing, food inspection, customs and financing.

The food park will greatly benefit from Dubai’s superb infrastructure in sea, air and land transport.

As for spectacular and innovative investments ….. Dubai continues to set new trends and benchmarks. Dubai Food Park will provide a world-class, advanced infrastructure that will meet the current and future needs of the region’s food sector.

The food park will play a huge role in Dubai’s overall development and economy.

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Dubai is the most popular business destination in the Middle East. The key advantages of a Dubai company setup are highlighted below:

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Dubai Company Advantages
100% foreign ownership	International entrepreneurs and investors are able to own 100% of the business if it is located in a free zone in Dubai or in a UAE free zone.
100% free profits repatriation	All profits from the business can be repatriated.
No Taxes	The company will not be liable for the payment of income or corporate taxes. Also there are no taxes on sales, wealth or capital.
0% import and excise duties	There is 100% exemption from import and export custom duties. Also there are no trade barrier quotas or foreign exchange controls.
Cost-efficiency	Relatively low company setup costs and access to government-subsidized low cost energy.
Superb, world-class, modern facilities	Dubai’s free zones provide access to a vast range of facilities such as plots of business centers, land, warehouses and offices.
World-class, modern infrastructure	Access to the best infrastructure available in the world. World-class logistic and telecommunications infrastructures ideal for international trade.

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Dubai Company Setup

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Some Interesting Facts about the UAE Food Sector and Dubai’s New Food Park

Food trade accounts for 11% of the UAE\’s gross domestic product.
It is estimated that the UAE’s food industry will expand by 70% to AED23 billion by the year 2030.
The Food Park will provide various government services such as licensing, customs, clearance, food safety in one location thus reducing supply chain costs.
The Food Park will have a wholesale area to serve the retail, food service and hospitality sectors.
It will have a special logistics area and areas for other services like packing, repacking, handling of packaged goods and processing.
Dubai Food Park will be located 10 minutes’ drive from Al Maktoum International Airport and the Expo 2020 Dubai site and 15 minutes’ drive from Jebel Ali free zone.
The Food Park will include an 11,000 sq ft free zone dedicated to re-export activities and will be easily accessible via air, land and sea ports.
The park will also provide financial services.
The park will have employee accommodation facilities as well as hotels.
The park will have a designated area for recycling of waste.
Dubai’s new food park is anticipated to generate around 23,000 thousand jobs.