Ahmed bin Saeed: The “project” is of pivotal importance at the level of national food security
A cooperation agreement to develop the “Food Technology Valley in Dubai” project
Ahmed bin Saeed while attending the signing of the agreement.
From the source
The Dubai Authority for Integrated Economic Zones (DEEZ) and wasl Asset Management Group signed a memorandum of cooperation with the aim of developing the “Food Technology Valley” project in Dubai, through which “DEEZ” provides its expertise and operational solutions, in the presence of His Highness Sheikh Ahmed bin Saeed Al Maktoum, President of the Dubai Authority for Integrated Economic Zones (DIEZ), and Minister of Climate Change and Environment, Maryam bint Mohammed Saeed Hareb Al Muhairi.
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 cooperation between companies, in addition to advisory and administrative services.
The two parties will cooperate in determining the details of Dies' operation of the joint venture.
The project will be a driver 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 provide more than 14,000 job opportunities, is expected to attract more than 4,000 visitors, and will be home to more than 1,150 residents.
The agreement was signed at the headquarters of the Dubai Airport Freezone "DAFZ" by: CEO of "Dies", Dr. Mohammed Al Zarooni, and CEO of wasl Asset Management Group, Hisham Al Qassim.
His Highness Sheikh Ahmed bin Saeed Al Maktoum said: “(DIEZ) continues its work aimed at consolidating its position as a vital contributor to raising the attractiveness and competitiveness of the trade, investment and entrepreneurship system in Dubai.
Its operations contribute to supporting the vision of the wise leadership and its continuous efforts to lay the foundations for a more integrated and flexible economy, based on diverse and sustainable tributaries, and innovative work mechanisms, and based on knowledge, innovation and advanced technology, as main 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, embodying the culture of (impossible) that the UAE has adopted as an approach. at work.
The project is of pivotal importance 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 DEEZ’s vision to enhance its contribution to the economic development of the Emirate of Dubai, and this approach is clearly demonstrated through its cooperation with (Wasl) to develop an innovative project in the Food Technology Valley.”
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 cooperative network to achieve the desired regional transformation.
The Food Technology Valley seeks to be a hub for the export of knowledge in order to build a more sustainable food system.
The two parties will cooperate within the project in a number of areas, including the application of the latest technological innovations and sustainable methodologies to contribute to achieving the project's objectives.
The project aims to be a modern integrated city to enhance food production, and consolidate Dubai's position as a world leader in this field.
The agricultural technology market is expected to grow in value from $13.5 billion to $22 billion over the next four years.
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Dr. Mohammed Al Zarooni, CEO of the Dubai Authority for Integrated Economic Zones (DIEZ), affirmed Dies’ commitment to continue supporting strategic projects in the emirate, in line with its vision to increase the momentum of commercial activities and enhance the attractiveness of the local business environment for foreign investments and regional and global companies, which represent important tributaries to increase Diversity of the national economy system.
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