Latest news with #VirtualTradeCorridor
Hi Dubai
11-04-2025
- Business
- Hi Dubai
DP World Breaks Ground on Bharat Mart in Dubai to Boost India's Global Trade Reach
Dubai has officially commenced construction of Bharat Mart, a landmark global marketplace by DP World aimed at transforming trade between India and the world. Unveiled in the presence of H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, India's Commerce Minister Piyush Goyal, and DP World Group Chairman Sultan Ahmed bin Sulayem, the project marks a major milestone in UAE-India trade relations. Set to open by the end of 2026 in the Jebel Ali Free Zone (JAFZA), Bharat Mart will serve as a central hub for Indian micro, small, and medium enterprises (MSMEs), spanning 2.7 million square feet—with its first phase covering 1.3 million square feet. The facility will house 1,500 showrooms, over 700,000 square feet of warehousing and light industrial units, along with office and meeting spaces, including dedicated zones for women-led businesses. 'Dubai's infrastructure and connectivity make it a vital trade partner as India expands globally,' said H.H. Sheikh Hamdan. 'Bharat Mart will accelerate access for Indian goods to international markets.' Piyush Goyal hailed the project as 'transformative,' and praised DP World's Virtual Trade Corridor initiative under the India-UAE CEPA framework, which aims to scale bilateral trade to new heights. With direct access to Jebel Ali Port, Al Maktoum International Airport, and Etihad Rail, Bharat Mart will offer seamless multimodal logistics to Indian exporters. The hub connects to 150 maritime destinations and over 300 cities via air, significantly boosting market reach. Sultan Ahmed bin Sulayem emphasized the goal of achieving $100 billion in non-oil trade by 2030, highlighting Bharat Mart's role in unlocking new markets and driving sustainable growth. Currently, JAFZA hosts over 2,300 Indian companies—up 15% year-on-year—cementing Dubai's status as a gateway for global commerce. News Source: Emirates News Agency
Emirates 24/7
11-04-2025
- Business
- Emirates 24/7
DP World commences construction of Bharat Mart strategic trading hub in Dubai
DP World commences construction of Bharat Mart strategic trading hub in Dubai, offering new horizons for Indian businesses Hamdan bin Mohammed: With non-oil bilateral trade surging and over 2,300 Indian companies thriving in Jafza, Bharat Mart will further strengthen the UAE-India partnership Virtual model of project unveiled in the presence of His Highness and India's Minister of Commerce and Industry Set to open by the end of 2026 inside JAFZA, the strategic trading hub will span 2.7 million square feet and feature 1,500 showrooms when fully ready DP World has commenced the construction of Bharat Mart, a global business-to-business (B2B) and business-to-consumer (B2C) marketplace in Dubai that is designed to facilitate trade between Indian businesses and global markets. The company unveiled the virtual model of the project in the presence of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, and Chairman of The Executive Council of Dubai; His Excellency Piyush Goyal, India's Minister of Commerce and Industry; along with His Excellency Sultan Ahmed bin Sulayem, Group Chairman and CEO, DP World. Bharat Mart is set to open by the end of 2026. With construction underway, DP World is paving the way for a transformative marketplace that will redefine global trade links between India, the Middle East, and beyond. His Highness Sheikh Hamdan said: 'Dubai's world-class infrastructure and connectivity make it a vital partner as India expands its global trade. With non-oil bilateral trade surging and over 2,300 Indian companies thriving in Jafza, Bharat Mart will further strengthen the UAE-India partnership by providing Indian goods faster access to global markets.' His Excellency Piyush Goyal said: 'Bharat Mart is a transformative project launched by DP World with immense potential and we keenly await its completion. DP World's efforts around developing the Virtual Trade Corridor between India and UAE will ensure that trade and commerce scales new heights in the spirit envisaged by the India-UAE CEPA. We also appreciate the efforts of DP World in building new dimensions and opportunities that will enable Indian businesses/MSMEs to reach African markets.' Ambitious targets His Excellency Sultan Ahmed bin Sulayem added: 'India and the UAE aim to reach $100 billion in non-oil trade by 2030, and Bharat Mart will be a key driver in achieving this milestone. DP World remains committed to enhancing trade by developing world-class logistics infrastructure, unlocking new markets, and supporting sustainable economic growth.' Spanning 2.7 million square feet, with its initial phase covering 1.3 million square feet, Bharat Mart will serve as a key trading hub for Indian micro, small and medium enterprises (MSMEs). Strategically located in Jebel Ali Free Zone (JAFZA), the facility will feature 1,500 showrooms, and over 700,000 square feet of state-of-the-art warehousing, light industrial units, office spaces, and meeting facilities with dedicated space for women-led businesses from India. Critical advantage Just 11 km from Jebel Ali Port, 15 km from Al Maktoum International Airport and with convenient access to Etihad Rail, Bharat Mart promises to offer Indian businesses seamless access to a multimodal logistics network. Through Jebel Ali's ecosystem, the exporters will connect to 150 maritime destinations, in addition to air connectivity, linking the facility to over 300 cities worldwide, enhancing market reach and efficiency. JAFZA continues to play a key role India-UAE bilateral trade, hosting over 2,300 Indian companies, up 15% year-on-year, following the establishment of 283 new Indian businesses in 2024, reinforcing Dubai's role as a critical global trade hub. Follow Emirates 24|7 on Google News.
Times of Oman
11-04-2025
- Business
- Times of Oman
DP World commences construction of Bharat Mart strategic trading hub in Dubai
Dubai: DP World has commenced the construction of Bharat Mart, a global business-to-business (B2B) and business-to-consumer (B2C) marketplace in Dubai that is designed to facilitate trade between Indian businesses and global markets. The company unveiled the virtual model of the project in the presence of HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, and Chairman of The Executive Council of Dubai; Piyush Goyal, India's Minister of Commerce and Industry; along with Sultan Ahmed bin Sulayem, Group Chairman and CEO, DP World. Bharat Mart is set to open by the end of 2026. With construction underway, DP World is paving the way for a transformative marketplace that will redefine global trade links between India, the Middle East, and beyond. HH Sheikh Hamdan said, "Dubai's world-class infrastructure and connectivity make it a vital partner as India expands its global trade. With non-oil bilateral trade surging and over 2,300 Indian companies thriving in Jafza, Bharat Mart will further strengthen the UAE-India partnership by providing Indian goods faster access to global markets." Piyush Goyal said, "Bharat Mart is a transformative project launched by DP World with immense potential and we keenly await its completion. DP World's efforts around developing the Virtual Trade Corridor between India and the UAE will ensure that trade and commerce scale new heights in the spirit envisaged by the India-UAE CEPA. We also appreciate the efforts of DP World in building new dimensions and opportunities that will enable Indian businesses/MSMEs to reach African markets." Sultan Ahmed bin Sulayem added, "India and the UAE aim to reach $100 billion in non-oil trade by 2030, and Bharat Mart will be a key driver in achieving this milestone. DP World remains committed to enhancing trade by developing world-class logistics infrastructure, unlocking new markets, and supporting sustainable economic growth." Spanning 2.7 million square feet, with its initial phase covering 1.3 million square feet, Bharat Mart will serve as a key trading hub for Indian micro, small and medium enterprises (MSMEs). Strategically located in Jebel Ali Free Zone (JAFZA), the facility will feature 1,500 showrooms and over 700,000 square feet of state-of-the-art warehousing, light industrial units, office spaces, and meeting facilities with dedicated space for women-led businesses from India. Just 11 km from Jebel Ali Port, 15 km from Al Maktoum International Airport and with convenient access to Etihad Rail, Bharat Mart promises to offer Indian businesses seamless access to a multimodal logistics network. Through Jebel Ali's ecosystem, the exporters will connect to 150 maritime destinations, in addition to air connectivity, linking the facility to over 300 cities worldwide, enhancing market reach and efficiency. JAFZA continues to play a key role in India-UAE bilateral trade, hosting over 2,300 Indian companies, up 15 per cent year-on-year, following the establishment of 283 new Indian businesses in 2024, reinforcing Dubai's role as a critical global trade hub.
