Bharat Mart Indian market construction starts in Dubai
Dubai has laid the foundation stone for the huge Bharat Mart Indian Market, which is set to open in 2026. The ceremony was attended by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of Dubai, and Indian Prime Minister Narendra Modi.
Bharat Mart’s mission is to further strengthen trade ties between the United Arab Emirates and India. The new mega market is expected to provide a world-class trading platform for Indian manufacturers and exporters and give them access to global markets.
By 2030, the non-oil foreign trade turnover of the two countries is expected to reach US$ 100 billion. This will be facilitated by government initiatives such as ‘Make in India’ and D33, among others. The Jebel Ali Free Economic Zone will be a gateway for Indian goods to enter the fast-growing markets of the Middle East, Europe and Africa.
Bharat Mart will cover an area of 2.7 million sq ft (the first phase is 1.3 million sq ft) and will be a mega distribution centre for Indian businesses to trade within the UAE and re-export goods to regional and global markets.
The market will be located in Jebel Ali Free Zone and will be part of a wider trading ecosystem that port operator DP World is developing through the hybrid retail and wholesale Dubai Traders Market, which hosts traders from around the world.
Bharat Mart will house 1,500 showrooms catering to retail and wholesale buyers, as well as over 700,000 sq ft of Grade A warehouse space, office space and conference facilities.
Bharat Mart will be located 11 kilometres from Jebel Ali, the largest seaport in the Middle East, and 15 kilometres from Al Maktoum International Airport. It will thus provide Indian exporters with integrated multimodal logistics solutions and connectivity to 150 maritime destinations and 300 cities.
Currently, around 1,500 Indian businesses are registered in the Jebel Ali Free Zone. In 2022, 87 per cent of all non-oil trade between the UAE and India, worth US$ 44.9 billion, passed through the emirate.
Source: ARABIAN BUSINESS
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