Similar to China’s Dragon Mart, the project is expected to further the 2030 target of $100bln in non-oil trade between UAE and India.
The mega Bharat Mart project, which aims to establish a warehouse-like retail experience for Indian companies in Dubai – akin to China’s Dragon Mart in International City – could open as early as 2025.
According to a news report by India’s Economic Times, while the concept is yet to be finalised, the Bharat Mart project is expected to span 100,000sq m, and will house a mix of retail, warehouse and hospitality units, the report said citing an unnamed official.
The project was first announced in August 2022, as part of the UAE-India Comprehensive Economic Cooperation Agreement (CEPA) that was implemented in May 2022, which included furthering non-petroleum trade to $100bn by 2030 between the two countries.
