In a bid to enhance food security in the Gulf Cooperation Council (GCC) region, Dubai Ports World (DP World) has announced a strategic partnership with Malexy, a financial technology company specializing in agricultural trade. The goal of this partnership is to leverage DP World’s global network and advanced temperature-controlled warehousing capabilities to provide a diverse range of products with faster delivery times, making it easier for companies in the UAE and the region to access food supplies efficiently.
Malexy’s digital platform allows small and medium-sized companies in the UAE to purchase food and agricultural products quickly, safely, and at a lower cost. The technology ensures precise monitoring and control of climate conditions for these products, providing continuous inventory updates and price stabilization for buyers in the region. By partnering with DP World, Malexy aims to provide visibility and supply to buyers, enabling them to make purchases within seconds on the Malexy platform.
Abdullah Bin Damithan, CEO and General Manager of DP World GCC, emphasized the commitment to setting new standards for food distribution through this collaboration. This partnership aims to strengthen the agricultural products trade system in the UAE and the wider region by utilizing DP World’s infrastructure and Malexy’s innovative technology for efficient transportation of food products.
The $150 million agricultural terminal facility at Jebel Ali Port that DP World is currently building demonstrates its commitment to food security in a region that heavily relies on food imports. The UAE alone imports about $24 billion worth of food and agricultural products annually, highlighting the importance of facilities like Jebel Ali Port in ensuring food supply to the region.
In conclusion, this strategic partnership between DP World and Malexy seeks to enhance food distribution and security in the GCC region by leveraging advanced technology and infrastructure. This collaboration is expected to benefit small and medium-sized businesses in the agricultural market and contribute to overall efficiency in food supply chains.
