Dubai PR Network, Online Press Release from Dubai and Middle East
 
Food, Beverages & Restaurant(Food Industry)
Filter PR by
  
Jebel Ali Free Zone Food and Beverage Sector Records 12% Growth in 2017
 

F&B companies rise from 507 to 570 year-on-year, highlighting Jafza's reputation as the hub of choice for the industry

Dubai, 17 February 2018:  The food and beverages sector operating out of Jebel Ali Free Zone (Jafza), a subsidiary of global trade enabler DP World, grew by 12 percent in 2017. 

The number of companies in the sector rose to 570 from 507 in 2016, employing 8,600 people and underlining Jafza’s reputation as an attractive destination for companies seeking to launch and expand their business across the region.

Sultan Ahmed Bin Sulayem, Group Chairman and Chief Executive Officer, DP World, said: “Jafza is building on its track record as the region’s hub for this key sector of the economy, in line with UAE Vision 2021 launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai. The growth reflects our continued focus on developing this industry and attracting more F&B manufacturing businesses to establish themselves here. 

“We’re committed to building on our in providing a world class business environment for F&B companies and this event provides a major platform to showcase our business-friendly services and our capacity to support Dubai and the UAE’s economic diversification strategy.” 

 “The vision of our leadership to establish Dubai as the global Islamic economic capital provides a major boost to our economy by attracting foreign investment, especially those that are Halal food related. The Dubai Industrial Strategy also complements the competiveness of the food industry where local companies can partner global counterparts to increase exports. We are also focused on research and development in the industry to develop new products and commodities that will suit different tastes and attract consumers.”

Jafza is home to F&B businesses from 75 countries that are reaching out to a market of more than 2.5 billion consumers in the Middle East, Africa, South and East Asia and the CIS states. They include international brands such as AGC, Unilever, Mars, Food Specialities Limited (FSL), Gulf Food Industries, Hunter Foods, among others. Of the F&B companies based in Jafza, 37% are from the Middle East region; 24 percent from Asia-Pacific; 19 percent from Europe; 10 percent from the Americas and 10 percent from Africa. 

The importance of Jafza as a preferred location is reinforced by high occupancy rates in facilities, ranging from plots of land and warehouses to showrooms and offices dedicated to the F&B industry, spread over 1.85 million square metres.

As a premier business location Jafza is featuring its F&B track credentials at the annual Gulfood 2018 event from February 18 to 22 in Dubai.

A recent Business Monitor International (BMI) research report expects food sales in the Middle East and North Africa to increase by 6.3 percent on an annual basis between 2015 and 2020. The food and beverage industry will see a 7.1 percent growth annually until 2020, owing to several factors such as the strong investment in the retail sector in the next few years and the rise in tourists and the expatriate population.


Posted by : Dubai PR Network Editorial Team
Viewed 7485 times
PR Category : Food Industry
Posted on : Saturday, February 17, 2018  5:21:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Indian FMCG Conglomerate Hamdard Laboratories brings “The Dr...
Next Story : Global Expansion in sight for ICONS© Coffee Couture
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Meet the FOREO family as they share their top tips for radiant skin during the holy month [10809-Views]
LOOTAH Perfumes launches four new springtime fragrances for Him and Her [10516-Views]
Amani Glam Collection [8625-Views]
LOOTAH Perfumes launches fragrant oud ‘Ambwood' [8607-Views]
Three Trends to Try with Palladio Beauty [8552-Views]
Experience 5 Seconds to New Skin with OXYGEN-PEEL from Filorga [8357-Views]
Lip Stick to my Heart - GOSH New Collections [7820-Views]
bebe Launches First Ever Ramadan Capsule Collection [7454-Views]
Lexus sweeps two podium finishes at round two of 2018 AUTOBACS SUPER GT 500 series [7363-Views]
Max Fashion Reveals Latest 2018 Fashion Trends at Exclusive Trunk Show [7210-Views]
Carrera UAE Exhibition [7137-Views]
Care for your baby's sensitive skin with Corine de Farme [6850-Views]
New Master Maserati Driving Courses for 2018 [6680-Views]
Ramadan-Inspired Sandro SS18 Pieces [6655-Views]
Toyota Rush makes a new beginning in the UAE [6618-Views]
Spinneys Puts Local Food Heroes in the Spotlight this Ramadan [6570-Views]
‘Tree of Life' Continues to Change Lives at Arabian Center, This Ramadan [6362-Views]
Ethereum - Second In A Series Of Exclusive Cryptocurrency Watches Launched [6137-Views]
Enhance your natural beauty while staying active with The Body Shop's Sportify Make-up Lin... [6076-Views]
RAK Diabetes Center in Jumeirah offering Free Lifestyle wellness checks and Diet Consultat... [6070-Views]
Global Light and Power Celebrates 10 Years with the Opening of their New Showroom in Dubai [6002-Views]
Mads Mikkelsen Spotted on Red Carpet at Cannes Wearing Ulysse Nardin Masterpiece [5923-Views]
Beautiful Kaftans for Ramadan from GUESS [5710-Views]
Dubai Holy Quran Radio launches new special programmes for Ramadan [5704-Views]
Pottery Barn Kids Launches Baby Registry Service to Welcome Newborns [5533-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories