DUBAI: China’s WenChao Group is investing more than 735 million dirhams ($200 million) to construct a food manufacturing facility in Dubai Industrial City, said a statement issued on Tuesday.
The agreement was signed in Dubai at the Global Manufacturing and Industrialization Summit.
The first phase of the project is scheduled to begin in the first half of 2022, comprising an integrated warehouse, distribution centre, food processing and manufacturing plant for semi-cooked and braised food.
The more than 950,000 square meters factory has an expected turnover of up to 500 million dirham annually, according to DI’s statement.
“This factory will play a major role in localizing food production and distribution and feed our ambitions to develop a more sustainable and self-reliant future,” Saud Abu Al-Shawareb, managing director of the Industrial City said.