Dallas Market Center, via its parent company, Market Center Management Company, has formed a strategic alliance with Dubai Global Connect to support the development and management of a 10-million square foot wholesale marketplace in Dubai opening in 2023.
The multi-year agreement was signed with the Dubai Global Connect ownership team consisting of the Investment Corporation of Dubai (ICD) in partnership with Dubai South.
Dubai Global Connect will be the first permanent B2B marketplace for consumer goods in the Middle East and will be open year-round to qualified retail buyers and designers, manufacturers and industry professionals. The purpose-built “City of Trade” is already under construction and will feature permanent showrooms, exhibition space, an innovation hub, auditorium, meeting rooms, offices, and private warehousing for tenants. The wholesale consumer goods showcased by Dubai Global Connect will include home furnishings, fashion and food.
“Establishing a permanent marketplace is perfectly timed as event producers and their attendees cope with reduced travel budgets and the need for smaller, more controlled gatherings,” said Douraid Zaghouani, COO of ICD and chairman of Dubai Global Connect. “In order to help realize our vision and to develop and manage this monumental project we are excited to have Dallas Market Center on board. Their deep experience globally and unique understanding of successfully creating year-round marketplaces will be invaluable.”
Dubai Global Connect, located at the crossroads of Dubai’s logistics corridor in the Dubai South district and adjacent to Al Maktoum Airport and Jebel Ali Port, will be supported by services for on-site meetings and events as well as a state-of-the-art digital wholesale trading platform connecting buyers and sellers online and facilitating hassle-free trade through Dubai Global Connect.
Cindy Morris, president and CEO of Dallas Market Center, added, “We are pleased to join this respected team creating a global destination for wholesale trade in Dubai, a historic and modern crossroads for commerce. The market for new products moves faster than ever and demands a marketplace that exceeds modern expectations. We look forward to utilizing our experience, skills and assets in design, development, operations, events, and marketing to launch a thoughtful and contemporary marketplace facilitating trade year-round and around the clock.”