The facility will be located in the Dubai Industrial City (DIC) and will be the first of its kind in the region. ### Introduction to Food Tech Valley Food Tech Valley is an ambitious initiative led by the UAE government, designed to revolutionize the country’s food ecosystem.
A Landmark Agreement in Real Estate
In a significant development for the real estate sector, a landmark agreement was signed between Rashed Mohammad, the Chief Real-Estate Officer of Wasl, and Sunil Kumar, the CEO of Spinneys. This agreement marks a pivotal moment in the collaboration between two prominent entities in the industry.
The Foundation of Spinneys’ Commitment to Local Farmers
Spinneys has long been a staunch supporter of local farmers and food producers. This commitment is not just a business strategy but a core value that has driven the company’s growth and success.
This is aligned with the UAE government’s ambition to make the nation one of the world’s leaders in the Global Food Security Index by 2051, he added. According to him, Food Tech Valley will act as a catalyst for transforming the UAE into a global hub for tech-based food and agricultural solutions. In line with the UAE Food Security National Strategy 2051, Food Tech Valley is based on connectivity, innovation, and the facilitation of business growth in food tech. It will incorporate production zones, warehousing, logistics and cold-storage facilities, an innovation and R&D centre, an academy, a business park, a marketplace, a visitor centre, and residential areas, it added.-TradeArabia News Service