GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >>

 
  Share

Trade volume increases to 3.5 million MT while value jumps to AED 11.1 billion

Dubai, United Arab Emirates, 25 June 2018:   The food and beverage (F&B) sector based in Jebel Ali Free Zone (Jafza), the UAE's premier regional business and logistics hub, showed significant growth in 2017 reflecting continuing confidence in the industry in the UAE.

The sector's volume of trade rose to 3.5 million metric tonnes, valued at AED 11.1 billion which accounted for 17.85 per cent and 15.37 per cent of Dubai's total F&B volume and value respectively.

Continuous industry growth has been supported by high disposable incomes in the country with major investment in grocery retail over the past few years (BMI Report).

F&B is a major focus of Jafza's business portfolio with over 570 companies from 75 countries. They regional and global brands such as Unilever, Mars, AGC, and Gulf Food Industries.

Sultan Ahmed bin Sulayem, Group Chairman and Chief Executive, DP World, said: “The growth of the food and beverage sector highlights Jafza's success in establishing itself as a destination of choice for companies in the MENA region, in line with UAE Vision 2021 as outlined by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai. 

“Our range of business friendly services and facilities provides gives companies the ability to leverage the potential Dubai offers the industry by allowing them to focus on their operations and the opportunities the regional market presents.

“Continued F&B growth also underlines our commitment to the government's goals for economic diversification. By creating a world class business environment, we are encouraging manufacturers to establish themselves here and develop new products and commodities that meet consumer demand.  Given the dynamic nature of the industry, we will continue to assess market conditions and position ourselves to meet customer requirements.”

Of the F&B companies based in Jafza, 37% are from the Middle East; 24 percent from Asia-Pacific; 19 percent from Europe; 10 percent from the Americas and 10 percent from Africa.

The UAE's F&B sector has seen steady growth over the past two years. According to a BMI report, food sales are expected to grow at an annual average of 6.6% over the next five years.



Posted by : GoDubai Editorial Team
Viewed 13914 times
Posted on : Monday, June 25, 2018  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : This season, support your favourite football team with Dunkin' Donuts
Next Story : Turkey's olive oil exports to the UAE rise by 79%
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Flaunt your gravity-defying hairstyles to become the face of our brand
Sony Unveils Newest Products and Introduces Latest Efforts from Entertainment B...
Hask's Winter Care for Your Hair
Celebrate Valentine's Day with GUESS
New Lamborghini Huracán EVO: elevation of technologies for amplified drivin...
Start the Year with some TLC and enjoy the fantastic offers at The SPA at Steige...
Rolls-Royce Motor Cars Achieves Historic Business Record
Trend Alert: Stay Timeless and Classy With a D1 Milano Timepiece
Tissot Chemin des Tourelles
Nokia 8 Sirocco blends premium craftsmanship and latest innovation with Android™...
Gharib Lands Al Shira'aa Double As One-Star Event Comes To A Close
LG Electronics' Promise of AI for an even Better Life Delivered at CES 2019 Keynote
Continental Commissions First Driverless Tyre Test Vehicle
19 reasons to fly with British Airways in 2019
Hankook 24 Hours of Dubai kicks off the 2019 season for Audi
Celebrate the Month of Love with a Brighter Smile at The Smile Bar
Global Village presents Scheherazade, a timeless tale of intrigue and adventure
HP Opens CES 2019 with Stunning Displays, PCs and Security Innovations
Malabar Gold & Diamonds opens a new showroom in Millennium Dubai Airport Hotel t...
Longchamp Spring/summer 2019 Show
Eberhard & Co. Main Sponsor of Winter Marathon 2019
Introducing Burberry Bespoke Fragrances
Turkish Airlines reached the 80.2% Load Factor in December 2018.
Always take the front row with this 7.2” supersized smartphone screen
Samsung Smart TVs to Launch iTunes Movies & TV Shows and Support AirPlay 2 Begin...
Epson to participate at SGI 2019 for the 10th year highlighting high value solut...
Third Edition of Al Shira'aa International Horse Show Concludes with Thrilling Finale
Bring out the Chef in your little ones at 800 Degrees Pizzeria
Shane Breen Wins Grand Prix Qualifier at Al Shira'aa International Horse Show fo...
Young Al Owais Ends Al Shira'aa One Star With Victory
Celebrate Valentine's Day With a Quintessential Timepiece From D1 Milano
Dubai Festival City Mall's Festival Bay transformed with a new, larger-than-lif...
Smart City Services at Silicon Park Reach Advanced Level of Completion
Eberhard & Co. Gilda makes an extraordinary Valentine's Day gift
Making many tones from one
Cadillac announces Middle East arrival of the 2019 ATS model
Tag Heuer Demonstrates Watchmaking Mastery With Its New Carrera Calibre Heuer 02...
Beef Sushi- Love at first bite
Canadian University Dubai (CUD) launches degree program in Climate Change in par...
Union Coop Among the ‘Elite' Sponsors of The FAZZA Championships for People of D...
ADEK's Winter Activities Program in Abu Dhabi hailed a resounding success
Premier Motors in collaboration with ADNOC Distribution provides
Dubai Tourism Releases AED250 Million in Bank Guarantees of Tourism Companies to...
Bollywood Actor Anil Kapoor to inaugurate 2 new outlets of Malabar Gold & Diamon...
Flying Grand Regulator now available in new colour combinations
The Preston watch collection by Coach
S@TIS' traceability software packages to feature at Arab Health 2019
The Commemorative Silver Coin
Joyalukkas Shopper wins BMW Car in DSF Mega Promotion
Citi UAE opens Citigold lounge in Abu Dhabi.