Construction starts on new Dubai-China coffee trade centre
Dubai Multi-Commodities Centre (DMCC) has confirmed that the construction of its new Coffee Centre, close to Jebel Ali Port harbour, is underway. The DMCC Coffee Centre, a temperature-controlled facility, will offer infrastructure and services for storage, processing, warehousing and delivery of coffee to precise specifications, a statement said. The centre is being developed by China’s Mega Capital Halal (MCH) and Yunnan State Farms Group. It is projected to handle up to 20,000 tonnes of green coffee bean annually, with an estimated trade value of up to USD100mn annually and is expected to be completed next year. The UAE sits at the centre of a region which now accounts for 8% or USD6.5bn, of global consumer spend on coffee. According to Euromonitor International, this could increase by up to a third by 2030.
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