Jafza posts 22.5% growth in foreign companies from F&B sector

Jebel Ali Free Zone (Jafza) has posted 22.5% growth in foreign companies from the F&B sector - rising from 480 companies in 2015 to 588 last year.

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Milk

Jafza will be participating at the Gulfood Exhibition in Dubai, meeting some of the leading companies from the F&B sector planning to locate in the region.

Sultan Ahmed bin Sulayem, group chairman and CEO  of DP World and chairman of Ports, Customs and Free Zone Corporation underlined the increasing role of the F&B industry in the UAE in driving economic growth and addressing food requirements of regional markets.

Bin Sulayem said: “Of the F&B companies based in Jafza, 57% are from the Middle East region with 18% from Asia-Pacific, 13% from Europe, 8% from the Americas and 4% from Africa. The importance of Jafza is apparent from the high occupancy rate in facilities, ranging from plots of land and warehouses top  showrooms and offices dedicated to the F&B industry, spread over 1.67 million sq. meters.”

He added: “Jafza is keen to meet manufacturers, wholesalers, packaging and logistics companies that are looking to reach out to new and emerging markets and benefit from our modern infrastructure and the highly efficient logistics network that will help enable the support and supply process.”

Middle East food sales

Food sales

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

 

 

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