By the Blouin News Business staff

Dubai Wholesale City to be the world’s biggest

by in Middle East.

Dubai, UAE. Source: Eugene Kaspersky/flickr

Dubai, UAE. Source: Eugene Kaspersky/flickr

Dubai has a penchant for doing things big, so it should come as no surprise that it’s looking to capture a piece of the $4.3 trillion global wholesale market. On Tuesday, Prime Minister Sheikh Mohammed bin Rashid Al Maktoum launched Dubai Wholesale City, the largest wholesale hub in the world.

The emirate expects to spend $8.17 billion over the next ten years to develop the huge 550 million square foot site, which will be located close to Al Maktoum International Airport. Dubai anticipates that some 15,000 wholesale traders will operate there, across strategic sectors including food, construction materials, electrical appliances, electronics, vehicles and spare parts, textiles and clothing, and machinery. Simultaneously, Dubai Wholesale City will debut the region’s largest e-commerce platform for wholesale trade.

Countries will also be able to show off their products in commercial centers at designated…

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