Dubai PR Network, Online Press Release from Dubai and Middle East
 
Government Sector(Government, Legal & Humanity)
Filter PR by
  
Jafza Participation at Sial 2018 in Paris to Attract Investment From F&B Industries
 

DP World’s trade hub remains destination of choice, says Al Muallem

Dubai, United Arab Emirates, 22 October, 2018: Jebel Ali Free Zone (Jafza), highlighting its strengths as the destination of choice for the food and beverage and agri-food industries at SIAL 2018 in Paris this week.

DP World and Jafza are exhibiting at the 5-day premier global F&B event, which started in 21 October, as part of the Dubai Exports pavilion.

The UAE is a top pick for food exporters around the world with the UAE Food Industry Report 2017, forecasting that food consumption in the Emirates will reach 59.2 million tonnes by 2021, from 48.1 tonnes in 2016.

Mohammed Al Muallem, Chief Executive Officer and Managing Director, DP World, UAE Region said: “Our flagship Jebel Ali Free Zone has been the inspiration for Dubai’s food industry for over 35 years, food is the second biggest industry in the UAE and across the GCC. Jafza has served as the most efficient and best connected regional base for global brands consistently over the years with F&B companies from Europe prominent among food and agri-industry investors.' 

“Jafza’s status as the destination of choice for Europe’s F&B businesses continues to develop.  With the Middle East among the fastest growing regions for the sector, which is poised to grow 6.3 per cent annually over 2018-2022.  We take this opportunity to invite the international food, beverage and associated industries to visit Dubai and Jebel Ali, to explore opportunities to grow their business across a region of over 2.5 billion people.”

Jafza is home to 505 F&B companies from 64 countries with over 90 registered companies from Europe generating 151,000 metric tonnes of trade volume in 2017. 

The European F&B sector occupies over 300,000 square metres of warehousing and office space in the free zone, employing 1,490 people. Beverages, spirits, and vinegar are the largest items traded at 48 per cent of the total, followed by cocoa and dairy products.

The foodstuff, livestock and agriculture industry is one of Jafza's top five performers, generating 3.5 million metric tonnes of trade valued at $3 billion. Together they contribute 18 per cent of Dubai’s total sector trade by volume and 16 per cent by value. The sector employs over 6,550 people, almost 5% of the total free zone workforce. 

Top brands at Jafza include Unilever, Nestle, Heinz, Al Khaleej Sugar, Alokozay Group of Companies, Mars, McCormick, Dawn, Griffith Foods, Hunter Foods, Bayara, Gulf Food Industries - California Garden, Fonterra, and Masterbaker. 

Rising disposable incomes, combined with contemporary consumption patterns, will drive industry growth, especially for food services and premium categories according to recent BMI forecasts. Headline food sales in the UAE will increase at an annual average of 6.6 per cent between 2018 -2022. 

The outlook for the Middle East and North Africa (MENA) Region is growth of 6.3 per cent during the same period, driven by an improvement in the macroeconomic environment.


Posted by : Dubai PR Network Editorial Team
Viewed 4532 times
PR Category : Government, Legal & Humanity
Posted on : Monday, October 22, 2018  2:38:00 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 : National Media Council and Sharjah Book Authority Sign MoU t...
Next Story : New survey by HSBC reveals the prosperity of overseas reside...
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
Sukin's Purely Ageless, Skincare that Delivers Results [11316-Views]
Michael Kors Unveils Spring 2019 Michael Kors Collection Ad Campaign [11096-Views]
Flaunt your gravity-defying hairstyles to become the face of our brand [9065-Views]
Linda Meredith Luxury Skincare Now at Coya Spa, Mirdif [8784-Views]
City of gold celebrates the joy of new year with amazing wins this Dubai Shopping Festival [7979-Views]
Start 2019 in Style with Amazing Offers at VK Beauty Lounge & Bar [7710-Views]
Facial Peels – What Are They? [7399-Views]
Ode to a Golden Era: The Exquisite Retro Style Manero Flyback [7369-Views]
St. Valentine's Day [7247-Views]
Sony Unveils Newest Products and Introduces Latest Efforts from Entertainment Businesses ... [7064-Views]
New Lamborghini Huracán EVO: elevation of technologies for amplified driving pleasure [6564-Views]
Start the Year with some TLC and enjoy the fantastic offers at The SPA at Steigenberger Ho... [6527-Views]
Morison Menon strategically integrates with Kreston International and rebrands itself as ... [6472-Views]
Corum Heritage Eleganza- A luxury feminine piece [6417-Views]
Hask's Winter Care for Your Hair [6411-Views]
Celebrate Valentine's Day with GUESS [6368-Views]
Rolls-Royce Motor Cars Achieves Historic Business Record [6070-Views]
Tissot Chemin des Tourelles [5966-Views]
Trend Alert: Stay Timeless and Classy With a D1 Milano Timepiece [5923-Views]
Nokia 8 Sirocco blends premium craftsmanship and latest innovation with Android™ 9 Pie upg... [5880-Views]
Gharib Lands Al Shira'aa Double As One-Star Event Comes To A Close [5874-Views]
With consumers spending more than 50% of data on digital entertainment and media smartphon... [5801-Views]
Malabar Gold & Diamonds' new showroom in Karnataka, India [5661-Views]
This DSF, every INFINITI customer wins it big with Arabian Automobiles [5441-Views]
LG Electronics' Promise of AI for an even Better Life Delivered at CES 2019 Keynote [5405-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories