Dubai strengthens trading relationship with India!

Dubai has been a haven for Indian traders since the beginning of the UAEs formation, and there’s no denying trade has only grown over time.

Real estate, entrepreneurship, technology and start-ups name just a few of the top Indian contributors - but Indian business owners have also brought in a series of Indian food stores, and supermarkets to provide goods that aren’t easily available in the region.

Now, seeing the rising demand for these food products and other goods - H.H. Sheikh Mohammed bin Rashid Al Maktoum, Ruler of Dubai has decided to join hands with Narendra Modi, Prime Minister of India to bring Bharat Mart to Dubai.

So, what is Bharat Mart, you might ask?

Bharat Mart is set to be the new and exciting one-stop shop for Indian traders, sellers and food companies to come under one roof and sell their products - in a much easier and accessible way.

That’s not even all, it’s set to be a trading and networking platform for Indian and South Asians across Dubai.

Bharat Mart will also have a wider link providing traders a chance to expand their horizons and trade to up to 300 different cities from the Jebel Ali ecosystem in JAFZA. They’ll also have access to 150 maritime destinations - making shipping of these products even easier globally.

Looking into the nitty-gritty - What can traders expect?

In Bharat Mart, there are plans to have 1,500 showrooms for both retail and wholesale traders, along with light industrial units, offices, and meeting areas. Kind of like a full-fledged business avenue.

It will also provide extensive warehouse space, giving tenants the advantages of both free zone and onshore facilities. With the infrastructure and logistics support in JAFZA, Bharat Mart traders can easily trade in and out to global markets.

How are India/UAE relations blooming the landscape for residents?

With a pathway paved for more Indian traders to come and open their businesses in Dubai, they would be given the chance to get their hands on the Golden Visas - depending on their investment capital of course.

But the best part, with more traders and an increase in foreign residency - the real estate landscape for Dubai will continue to bloom as there’ll be a continued rise in demand for homes across Dubai.

Bharat Mart will also bring a change in the economic landscape, with the Comprehensive Economic Partnership Agreement between India and the UAE.

Now, for those of you who don’t know about this - the partnership aims to catapult non-oil trade to $100 billion by 2030, a significant surge from the $60 billion mark recorded only two years ago. Dubai and its records ey!

Dubai also plays a pivotal role in trade relations globally, handling 87% of the total non-oil trade value in 2022 came from foreign trade!

So, with over 1,500 Indian businesses thriving in JAFZA currently trading more than five million tonnes of cargo valued at $8.6 billion - this is just the beginning.

Impressive, right?

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