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UAE's F&B industry to grow 4% per annum

UAE's F&B industry to grow 4% per annum
The specialised economic zone signed new contracts in the F&B sector (Photo Credit: Arabianeye-Reuters)

By: Ramy Sameeh 

Abu Dhabi – Mubasher: The UAE’s food and beverage (F&B) sector is expected to grow by 4% annually to reach AED 13.2 billion in 2018.

The Higher Corporation for Specialised Economic Zones (ZonesCorp) provided a total area of 358,000 square metres for F&B this year, thus increasing the number of land plots provided for the development of this sector, according to Saeed Issa Al Khaili, Acting CEO.

ZonesCorp is currently housing 24 food production facilities that produce a wide range of products including milk and dairy products and dried food, Al Khaili told journalists on the sidelines of SIAL Middle East trade fair.

The exhibition will be held from 5 to 7 December at the Abu Dhabi National Exhibition Centre (ADNEC).

The specialised economic zone signed new contracts in the F&B sector, including a deal with Nestle Waters to build a 43,000 sqm bottling plant worth AED 100 million.

Translated by: Julian Nabil