Dallas Market Center to Develop and Manage Dubai Global Connect Marketplace
Dallas Market Center has signed a multi-year development and management agreement with Dubai Global Connect, the new 10-million-square-foot wholesale marketplace in Dubai opening in 2023. The deal was signed with the Dubai Global Connect ownership team, comprising the Investment Corporation of Dubai in partnership with Dubai South, an emerging master-planned district.
Currently under construction, Dubai Global Connect will be the first permanent B2B marketplace for consumer goods in the Middle East, open year round to qualified retail buyers and designers, manufacturers and industry professionals. It will feature permanent showrooms, exhibition space, an innovation hub, auditorium, meeting rooms, offices and private warehousing for tenants, as well as wholesale consumer goods including home furnishings, fashion and food.
Located at the crossroads of Dubai’s logistics corridor in the Dubai South district and adjacent to Al Maktoum Airport and Jebel Ali Port, Dubai Global Connect will provide premium services for on-site meetings and events as well as a digital wholesale trading platform.
“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. “To help realize our vision and to develop and manage this monumental project we are excited to have Dallas Market Center on board.”
For the past year, the Dubai Global Connect ownership team has carried out an international search for a suitable partner capable of furthering their vision of a global wholesale marketplace in Dubai. Their criteria included a sustained record of international trade center and trade event management, facility design and management expertise, consumer products industry knowledge and an understanding of international sourcing dynamics.
“We are pleased to join this respected team creating a global destination for wholesale trade in Dubai, a historic and modern crossroads for commerce,” said Cindy Morris, Dallas Market Center president and CEO. “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.”