The companies operating in it export their products to more than 60 countries

The food and beverage sector grows 11.3% in "Dubai Industrial City"

  • Dubai Industrial City is working to enable investors to set up their projects.

    À archival

  • Saud Abu Al Shawareb: "(Dubai Industrial City) intends to continue investing in its infrastructure to meet the needs of the industry."

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The Director General of Dubai Industrial City, Saud Abu Al Shawareb, revealed that the food and beverage sector in Dubai Industrial City recorded a growth rate of more than 11.3% in 2021 compared to 2020.

He added during a press meeting held yesterday on the sidelines of the Gulfood Exhibition 2022 at the Dubai World Trade Center that the growth rates included companies operating in the sector, or through leasing spaces, pointing out that the number of companies in the food and beverage sector in "Dubai Industrial" exceeded 60 companies until Now, the total leased area has reached 23.5 million square feet.

Infrastructure

Abu Al-Shawareb explained that Dubai Industrial City intends to continue investing in its infrastructure to meet the new requirements and the needs of the industry that are consistent with the future stage, as it plans to complete new projects during the current year related to the development of roads, electricity and water supplies and communication services.

He pointed out that "Dubai Industrial" has set aside provisions for infrastructure projects worth $112 million during 2021, and is working to complete expansion works related to extensions of the Emirates Expressway, and construction work for a labor accommodation village with a capacity of 14,000 beds, compared to the number of beds currently, which is more than 56 1,000 beds, allowing more room to accommodate the upcoming investments of the city.

operating companies

Abu Al-Shawareb stated that the food and beverage companies in Dubai Industrial City currently export their products to more than 60 countries, pointing out that these companies belong to investors from Gulf and Asian nationalities, while the investments of industries belonging to Emirati investors account for the largest shares of the investments currently in the city.

Food and drinks

He pointed out that the food and beverage sector is one of the six priority sub-sectors in the "Dubai Industrial Strategy 2030", which is in line with the directions of the "National Food Security Strategy 2051", in diversifying sources of food imports, facilitating global food trade, and identifying alternative supply plans to make the UAE, The best in the world in the global food security index, which prompts the city administration to increase its promotions, to attract new investors in that sector.

Empowering Investors

He stressed that "Dubai Industrial" is working to enable investors to set up their projects, through an agreement concluded with the "Emirates Development Bank", as part of efforts to strengthen Dubai Center and a global industrial destination for light and medium industries and logistics companies, as it complements the role of the bank in terms of providing financing solutions. Innovative support programs, Dubai Industrial City's efforts to provide an attractive environment for various manufacturing sectors.

He explained that the agreement provides a financial portfolio of 30 billion dirhams, over five years, dedicated to supporting several industrial sectors, contributing to financing and supporting more than 13,500 small, medium and large companies, and providing 25,000 jobs, pointing out that the bank provides direct and indirect lending. For small and medium projects (long-term financing, project financing and receivables), it constitutes an investment arm for startups and small and medium enterprises, in addition to business advisory services for entrepreneurs, start-ups and small companies (training, mentorship and market research).

• A plan to implement new projects during the current year to develop roads, electricity and water supplies, and communications services.

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