Under the 27-year agreement, Spinneys will establish a massive 500,000 square foot processing facility within Food Tech Valley
The UAE government-backed initiative to establish a sustainable food ecosystem, known as Food Tech Valley, has made significant progress with the recent announcement of a new partnership with Spinneys.
Under the terms of the 27-year agreement, Spinneys will construct a massive 500,000 square foot processing facility within the Food Tech Valley.
This new facility will significantly enhance the capabilities of Food Tech Valley, transforming it into a more comprehensive hub for food technology and innovation.
Spinneys' investment in the facility will contribute to increasing the UAE's domestic food production capacity, reducing its dependence on imports.
The project, which is expected to commence operations shortly, will create new job opportunities and stimulate economic growth in the region.
Spinney's CEO, Sunil Kumar, stated, "As a locally owned brand, we are dedicated to the well-being of our customers, our communities, and the UAE ecosystem. Spinneys has always supported local farmers and food producers, which is why our partnership with Food Tech Valley is so important."
The addition of Spinneys to the Food Tech Valley further solidifies our dedication to revolutionizing the food industry and positioning Dubai as a hub for food innovation, sustainability, and security.
We eagerly anticipate supporting the UAE's food security efforts with partners who share our commitment to sustainable and forward-thinking growth.
With over 90% of the food in the UAE currently imported, Food Tech Valley is crucial for developing a more resilient and self-sufficient food ecosystem. This aligns with the UAE government's ambitious goal of becoming a global leader in food security by 2051.
Food Tech Valley is developing a diverse range of facilities and services, including production zones, warehousing, logistics, cold storage facilities, an innovation and R&D centre, an academy, a business park, a marketplace, a visitor centre, and residential areas.
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