Mohammed bin Rashid launches the “Food Technology Valley”

His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai announced the launch of Food Technology Valley.

Sheikh Mohammed said on Twitter: “We launched the first phase of Food Tech Valley, a new modern & vibrant city that will serve as a global destination for start-ups and industry experts in the food ecosystem. It will host R&D facilities, innovation center, smart food logistics hub and areas for vertical farming”.

Sheikh Mohammed tweeted, “The volume of our food trade exceeded 100 billion dirhams annually.” He added, “We are a global logistical forum for food trade and we will work to develop a new work environment for these type of companies to develop new agricultural technologies and consolidate our future food security.”