Source: The National
Dubai has launched a major new food technology hub set to act as a "global destination" for enterprising businesses and a key driver of the emirate’s economy.
Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, unveiled the forward-thinking Food Tech Valley on Saturday. He said the "city" would help further develop vertical farming and other advanced agriculture technologies and bolster the UAE’s food security. The state-of-the-art centre aims to triple the UAE’s food production and make the country more self-sustainable.
It was developed through a partnership between the Ministry of Food and Water Security and Wasl Properties.
"We launched the first phase of Food Tech Valley, a new modern and vibrant city that will serve as a global destination for start-ups and industry experts in the food ecosystem," Sheikh Mohammed said.
"It will host R&D [research and development] facilities, an innovation centre, a smart food logistics hub and areas for vertical farming.
"The UAE’s food trade exceeds Dh100 billion ($27.2) annually. Our country is a...read more...