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 >> Food Industry

 
  Share

Kingdom's leading food industry firms to leverage MENA's largest industrial food and beverage manufacturing and processing event to spur inward investment as part of Saudi Vision 2030 plan to diversify economy 

Dubai, UAE – 12 October 2017:  Saudi Arabia's leading food industry companies are gearing up for the fourth edition of Gulfood Manufacturing, running from 31 October and 2 November at Dubai World Trade Centre (DWTC), to demonstrate how regional food manufacturing firms and the global industry at large can play a significant role in the innovative Saudi Vision 2030 plan for a sustainable, diversified economy. 

According to a recent BMI report, Saudi Arabia's food and beverage industry already accounts for 12 per cent of the country's annual GDP and is expected to grow at a Compound Annual Growth Rate (CAGR) of 5.9 per cent through to 2020. As the Gulf's most populous nation, the Kingdom ranks as the GCC's largest food manufacturer and is the origin of 74.1 per cent of the region's total food and diary production.

Those healthy statistics coupled with economic reforms and a growing youth population with greater disposable incomes and exposure to Western trends has stimulated a change in eating patterns, spurring abundant growth in-market opportunities for the global food and beverage industry.

Government-endorsed programmes such as food security focused King Abdulla's Initiative for Saudi Agricultural Investment Abroad have reinforced the Kingdom's commitment to become a manufacturing heavyweight by enabling domestic food manufactures to compete on an international level in terms of their product technology, price and quality.

Against this backdrop, Gulfood Manufacturing 2017 highlights an array of investment avenues for local, regional and international firms in terms of entry and expansion into Saudi Arabia, as well as offering Saudi manufacturers with the opportunity to network and facilitate potential partnerships with buyers from across the MENA region and beyond.

“With Saudi Arabia occupying such a crucial position in the regional and global food supply chain landscape, and with the ongoing plans for reform and diversification, Gulfood Manufacturing is a strategic platform in the business growth strategies of key players already operating, or exploring expansion opportunities, in the Kingdom,” said Trixie LohMirmand, Senior Vice President, Exhibitions & Events Management, DWTC, which organizes the show.
One Saudi Arabian exhibitor returning to Gulfood Manufacturing is First for Food, which will be showcasing its latest innovations for Ingredients and Processing and Packaging at the three-day mega industry event.

“Thanks to the visionary Saudi leadership, obstacles that many investors previously faced in the GCC's largest food market will gradually fade, and there are great opportunities that have not been exploited in our domestic food industry. To this day, the Kingdom imports 50 per cent of its daily consumer products - this indicates that the food industry is full of opportunities, especially if partnerships are held with the parent manufacturers,” Dr. Ihab Jaffan, Sales Director at First for Food, which will be exhibiting in Hall 1, stand B1-24.

“Gulfood Manufacturing is extremely important as a sourcing platform for us, it allows us to put our experience of more than 23 years at their service,” added Jaffan, whose firm specialises in providing full-spectrum services across the bakery and confectionary sector. “This exhibition boosts investor confidence and helps drive business across the region.”

First For Food is one of more than 1,600 exhibitors from more than 60 countries and 30 national pavilions showcasing the latest innovations, with first-time participation from countries including Poland and the CIS.

To ensure participating companies can connect with the right partners and investors, Gulfood Manufacturing 2017 will host the ‘Big Buyers' Programme, which will collect more than 2,000 pre-qualified buyers with a pre-determined budget from across the Middle East and Africa.

Also new for this year are the Gulfood Manufacturing Awards, which will recognise industry excellence in a glittering ceremony on the evening of October 31, while the Innovation Tours will offer visitors a memorable journey showing real-life innovations within some of the region's top, award-winning food factories.
An industry-leading conference will also be held on the sidelines of the exhibition featuring in-depth analysis, debate and discussion on topics including digitisation in the food manufacturing industry, smart manufacturing, big data and analytics.

Gulfood Manufacturing 2017 opens from 10 am – 6 pm on 31 October and 1 November, and 10 am – 5 pm on 2 November 2017. The show is open to F&B trade professionals only and visitor attendance is free of charge. 



Posted by : GoDubai Editorial Team
Viewed 32916 times
Posted on : Thursday, October 12, 2017  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Coffee at the touch of a button with ‘Quespresso'
Next Story : The great taste of Lavazza coffee now available in an instant!
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
D1 Milano Launches Exlcusive Limited Edition Collection –The Khaleeji
The Incredible Power of the Mushroom!
Beware of Cheap Beauty Deals: They May End Up Being More Costly
8 Jours Grande Taille - a new avatar on iconic timepiece
GaGà Milano unveils six extra-special watches to celebrate Neymar's genius
Carl F. Bucherer Celebrates Its Anniversary With the Heritage Tourbillon Double ...
Tissot Lady Heart Flower Powermatic 80
Get Ready for The Festive Season with The Body Shop's Enchanted by Nature Gift C...
Sukin's Top Holiday Picks for a Supple-Skin Winter Season
Switch your hair colour safely for the new season with Rahua's Color Full range
Omega Raises Its Warranty On All Watches to 5 Years
Everyday care for your baby's hair with Fifi & Friends!
Bringing you warmth and shine this festive season
Season's Greetings 2018
Twelve Holiday Gifts for the Beauty-Obsessed Woman
The Smile Bar Opens Its First Store in the UAE
Chloé Eyewear's Feminine Appeal Seen Through the Lens of the New “Rosie” Style
Purely Pandora Classics With a Twist
#MKGO Bold: Michael Kors Unveils Bold New Arrivals
Triumphant First Daman Dxb Swimfest at Jumeirah Beach Hotel
New 1948 Seamaster Watches Join the Ranks
Indulge Your Love for Animal Print with M&S
Festive Gifting Guide
Alina Anwar Couture Launches in UAE
Must-have festive Christmas jumpers and tees for the whole family
Parah dedicates its Fall/Winter 2018/19 collection to femininity
Add a festive sparkle to your eyes with Palladio Beauty
The Geo-Graham Orrery Tourbillon presents a galaxy you can reach out and wear Ge...
Starbucks announces the return of festive favourites
National Geographic Launches Mars 2 into Orbit with Season 2 Premiering Nov 15 ...
Give an abandoned or neglected cat their forever home at Kittysnip's adoption da...
Land Rover Supports Red Cross Disaster Projects Worldwide
‘Celebrate 2019 Now' with special deals from Al-Futtaim Toyota
The new BMW 8 Series Convertible.
Sprint for a Great Cause at Al Maha
Etihad Airways Launches Model Diary of Xiaowen at China International Import Expo
Tryano Launches Elemis
EDCC organizes largest UAE Pavilion at debut SNSR in Saudi Arabia
Department of Culture and Tourism – Abu Dhabi Organises ‘Herfaty' Programme in A...
Jameel Arts Centre, Dubai opens with an ambitious set of exhibitions and program...
Unilever MENA calls for collective action as it's revealed that 54% of consumers...
Presenting Katrina Kaif in her hottest desi avatar as Suraiyya in Thugs of Hindostan
The Sharjah Stamp Exhibition celebrates the Year of Zayed
Emirates Steel signs new long-term iron ore pellet supply deal with Vale
Introducing the GUESS Holiday 2018 Collection
Superhero Color Runners Prove We Are All Unstoppable!
Bharat Thakur Artistic Yoga's Flagship Studio opens in Burjuman.
Top five new things to do at Golden Mile Galleria this season
IKEA Promises 25 Years of Quality Guarantee
A new 2019 Toyota Rush grade hits the road