Why does the food and beverage industry need to gather in Abu Dhabi?

A growing population, an increasingly young and multicultural population, and burgeoning hospitality and tourism trade have seen a
massive rise in demand for food and beverage imports from around the world.

The Government has identified
tourism as a key priority within its 2030 Development Plan, with tourism-related projects worth US$235 billion planned through to 2018.
The UAE is an important regional hub with the third largest amount of re-exports in the world The region’s food import spend is due to hit US$49 billion by 2020. SIAL Middle East offers a solid platform for companies wanting to research and enter the Middle East food, drink and hospitality market.

The UAE’s food industry is estimated to achieve an
average growth of 4 to 5 per cent between 2011 and 2014.

The UAE is dependent on imports for 90% of its food and beverage needs. A young, wealthy and largely
expatriate population is driving a willingness to experiment with international foods, and is causing an increase in spend in the retail and foodservice industry.

The
halal food market is a key growth area and is expected to post a 20% growth in demand by 2025. With the majority of the world’s 1.8 billion Muslims living in the Middle East, the GCC is the largest importer of halal products in the world.

The local food processing sector is expanding rapidly with attractive financing and subsidies from Government and now accounts for
over 40% of the industrial investment outside of the oil and gas sector in the UAE.