Abu Dhabi Ports Group, backed by the sovereign wealth fund ADQ, has partnered with the UAE-based conglomerate Ghassan Aboud Group to set up the region’s largest food logistics center.
The future hub will be located in the Khalifa Industrial Zone Abu Dhabi, Zawya reports. The hub is in line with the UAE’s National Food Security Strategy 2051. The multi-category wholesale food trading and logistics hub will contribute to lowering the overall supply chain costs of food products and will provide a competitive ecosystem for both local and global players.
The regional food hub will collaborate with Rungis International Market, the wholesale fresh food market, to bring together buyers, sellers, logistics players, consolidators, and distributors from across the world.
The Gulf country’s National Food Security Strategy 2051 encompasses 38 short and long-term key initiatives and is geared by 5 strategic goals focusing on facilitating the global food trade, diversifying food import sources, identifying alternative supply schemes, covering three to five sources for each major food category. UAE through the strategy aims to achieve zero hunger by ensuring access to safe, nutritious and sufficient food all year round throughout the world.