Sheikh Mohammed bin Rashid Al Maktoum, vice president and prime minister of the UAE and ruler of Dubai, has revealed plans for the AED30bn ($8.1bn) Dubai Wholesale City project.
Upon completion, Dubai Wholesale City is due to be the largest wholesale hub in the world, covering an area of 550m sq ft.
It will feature specialised integrated trading parks and an international trade exhibition facility, Country Pavilions with commercial centres and malls offering products from different countries such as India, Malaysia, Thailand, Turkey, Australia, China, South Korea, Germany, Saudi Arabia, the US and South America.
In addition, the hub will offer wholesale traders modern infrastructure, roads, warehousing, storage facilities and support services to support operational efficiency.
The project is expected to be developed over a 10-year period.
Maktoum said: "The UAE's strategic location, world-class infrastructure, and strong institutions make it the most qualified place to lead the new wave of growth in wholesale trade, on an international scale."