UAE-based retail company Dubai Holding is launching a new project valued at AED 5.5 bn in Dubai, Invest-Gate reports.

Located close to the Al-Maktoum International Airport and Expo 2020 site, Dubai Food Park spans across 48 mn square foot.

The company is finalizing negotiations with Dubai-headquartered international food companies to start working within the development.

The project will include employee accommodation facilities, hotels, financial services, and a center for integrated government services and recycling organic waste, in addition to a central wholesale market, a logistics area, an area for complementary services such as packing, repacking, and processing, and an area for handling packaged goods.