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According to BMI Risk/Reward Index, UAE ranked first in the region and fourth globally in F&B investment environment attractiveness. The Food and Beverages sector positions itself among the top strategic sectors of UAE, and has been selected one of the 6 focus sectors of Dubai Industrial Strategy 2030.
UAE is home to a large number of F&B manufacturing units averaging 575 units at the beginning of last year. Among those units, 51 have investments exceeding AED 50 million. Around 44,000 employees currently works in the food and beverage industry, representing 10 percent of the total of industrial sector employees. The size of investments in the sector accounts for 40 billion dirhams, 21 percent of which is foreign capital.
UAE domestic F&B consumer market is huge and is witnessing continuous expansion driven by a high purchasing power and an increasing population. Food sales reached AED 101 billion in 2017 and are expected to grow to AED 131 billion in 2021, as per the study.
Source: (Al Khaleej newspaper, Edited)