UAE Business: Dubai smart free-zone Yiwu Market sees trade revolution – Gulf Digital News

UAE Business: Dubai smart free-zone Yiwu Market sees trade revolution – Gulf Digital News

Dubai’s Yiwu Market, the first smart free-zone market in the Middle East to cater to the retail and wholesale industries, is set to revolutionise the trading experience of businesses in the UAE.

With 99% of its 1,600 showrooms already occupied, the AED600 million ($163.35 million) first phase of the Dubai Traders Market (DTM) is scheduled to open soon in the Jebel Ali Free Zone (Jafza).

The market is a result of a partnership between DP World and the China Commodity City Group which built and manages the world's largest wholesale market in China for small commodities, spanning over 6 million square metres, and attracting nearly 210,000 daily visitors.

Spaning over 200,000 sq m

Dubai’s Yiwu Market spans over 200,000 square metres, split between 324 customs-bonded warehouses and 1,600 mainland showrooms.

The market will enable businesses to access wholesale discounts with reduced supply chain costs and turnaround times by leveraging Dubai’s strategic location, and DP World’s advanced logistics solutions.

Ahmad Al Haddad, Chief Operating Officer, Parks and Zones, DP World UAE said: “As one of the leading global trade and logistics hubs, Jafza has helped traders maximise opportunities by giving them access to 60 per cent of the world’s GDP through air, sea, and road transport. It