UAE plans new business park for agricultural firms

editorial May 1, 2021

Less than a minute

Dubai will build a new business park to host specialized agricultural firms as the Emirate pushes for food security.

The first phase of the project, dubbed “Food Tech Valley,” will include headquarters, research and development facilities, innovation center, smart food logistics hub and areas for vertical farming, according to a tweet by Dubai’s ruler Sheikh Mohammed bin Rashid Al Maktoum.

The UAE's food trade exceeds AED100 billion annually. Our country is a global food logistics hub, and we will work to create a nurturing environment for agribusinesses to develop new farming technologies and enhance our future food security. pic.twitter.com/0H9MfFcc0B
— HH Sheikh Mohammed (@HHShkMohd) May 1, 2021

A global surge in food prices and the disruption to supply chains caused by the pandemic pushed the country to accelerate plans to grow more crops and farm more livestock.