Tags
The Gulf emirate of Dubai on Tuesday launched a project to build a 30-billion-dirham ($8.2-billion) city that would be the world's largest wholesale hub.
Dubai Wholesale City will cover more than 550 million square feet (49.5 million square metres) and be able to house 15,000 wholesale traders, state news agency WAM reported.
Home to one of the world's largest free trade zones at Jebel Ali, Dubai is aiming to increase its share of a global sector valued at $4.3 trillion, WAM said.
It said that the investments will be channelled into the project over a period of 10 years.
"Trade has been the basis for the prosperity of our country," said Dubai's ruler Sheikh Mohammed bin Rashid al-Maktoum, who is also the Vice President and prime minister of the United Arab Emirates.
Dubai Holding will to develop the project, WAM said.
There are no comments.
SPORT Saying goodbye is never easy, especially when you are saying farewell to those that have left a positive impression. That was the case earlier this month when Canada hosted Mexico in a friendly at BC Place stadium in Vancouver.
TECHNOLOGY Some 60mn primary-school-age children have no access to formal education
CULTURE Lekhwiya’s El Arabi scores the equaliser after Tresor is sent off; Tabata, al-Harazi score for QSL champions
ARABIA The Yemeni Minister of Tourism, Dr Mohamed Abdul Majid Qubati, yesterday expressed hope that the 48-hour ceasefire in Yemen declared by the Command of Coalition Forces on Saturday will be maintained in order to lift the siege imposed on Taz City and ease the entry of humanitarian aid to the besieged
ARABIA Some 200 teachers from schools across the country attended Qatar Museum’s (QM) first ever Teachers Council at the Museum of Islamic Art (MIA) yesterday.
ARABIA The Supreme Judiciary Council (SJC) of Qatar and the Indonesian Supreme Court (SCI) have signed a Memorandum of Understanding (MoU) on judicial co-operation, it was announced yesterday.
ECONOMY Sri Lanka is keen on importing liquefied natural gas (LNG) from Qatar as part of government policy to shift to clean energy, Minister of City Planning and Water Supply Rauff Hakeem has said.
