Freight News

DP World to set up Dubai Trader’s Market

[ July 23, 2018   //   ]

DP World has signed a deal with Zhejiang China Commodities City Group to build a 3m sq ‘Traders Market’ at its Jebel Ali Port and Free Zone in Dubai. It will include clusters of traders from all over the world, offering a wide range of products at one site, ranging from household goods, building materials and food and beverage, to cosmetics and healthcare, energy and power, and engineering and technology.
Apart from promoting the Chinese government’s Belt and Road initiative, it will also enable trade within the GCC, MEA and India Subcontinent regions, widening market reach for goods and serving as a platform to trade at competitive prices.
The partnership complements an agreement signed earlier this year between DP World and the Zhejiang Seaport Investment and Operation Group (ZPG) for a ‘Straight-through Warehouse’ project in Yiwu, China to hold cargo destined for Dubai and the Middle East.