Emirati company officials expect local demand to continue in light of the recovery of the exhibitions and events sector

Expo Dubai and supply costs support sales of local food products

• The prices of imported goods witnessed an increase in the cost of supply and delivery time during the pandemic period.

  Emirates today

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Officials of Emirati companies in the food products sector confirmed that the changes imposed by the “Covid-19” pandemic in the supply chains, from the high cost of imported goods, as a result of the increase in shipping and supply fees, constituted opportunities for the recovery of sales of national companies during the recent period, and to increase their competitiveness.

They pointed to "Emirates Today", an increase in the demand for the products of Emirati companies manufactured locally, in large proportions, supported by their competitive prices, compared to imported goods, and the supply opportunities that were enhanced by the work of "Expo 2020 Dubai", expecting the continued local demand for the products of small and medium-sized companies. In light of the recovery of the exhibitions and events sector.

«Expo 2020 Dubai»

In detail, Osama Muhammad Ali, sales manager of the “Mas” company for the manufacture of potato and corn chips products, said that “the (Covid-19) pandemic has created opportunities for the growth of sales of products for Emirati small and medium companies operating in the food sector, given the high demand for these products at rates. It exceeded 40%, with the increase in price competitiveness and speed of supply, compared to the prices of imported goods, which witnessed an increase in the cost of supply, in addition to the time it took for delivery, compared to locally manufactured goods.

He added that "Expo 2020 Dubai" was one of the factors supporting the growth of demand for food commodities manufactured in the country, with the rise in consumer demand and the growth of tourism activity, likely to support the competitiveness of local commodity prices, the growth of sales at greater rates during the coming periods.

domestic demand

For his part, the president of the “Nahil Laboratories Foodstuff Corporation”, Muhammad Al-Amimi, said that “the pandemic has created many opportunities that have supported the growth of sales of products for Emirati small and medium companies in the food and beverage sector, with their sales reviving rates of up to 100% in local markets, and increasing its competitiveness, compared to similar imported goods,” he said, pointing to the cost of shipping and supply, and the delay in supply chains for imported goods.

He added, "At a time when the pandemic increased sales in local markets, it reduced opportunities to export to foreign markets, due to the high cost of shipping and supply, but the high local demand compensated for the decline in export opportunities for Emirati companies, due to the positive effects of (Expo 2020) and activity." The great event witnessed by the state’s markets in the exhibition and events sector during the recent period, which supported the demand in the hospitality and retail sector.”

He expected that the domestic demand for small and medium-sized companies' products will continue to rise in the coming periods, in light of the recovery of the exhibitions and events sector, and the return of momentum to the tourism sector.

price and quality

In addition, Director of Retail Sales at Liwa Dates Company, Abdel Fattah Abu Touk, said that “there are many factors that have supported the sales of food and beverage companies locally, most notably the opportunities posed by the (Covid-19) pandemic, through the high cost of imported goods, And the time it takes to supply, which raised the competitiveness of the prices of local products, and the demand for them increased by more than 20%, at a time when it is expected to rise at greater rates during the coming periods, with an increase in reliance on locally manufactured goods, given their competitive prices and speed of supply. and its quality, in proportions similar to or superior to those imported.”

He stressed that the "Expo 2020 Dubai" events constituted additional opportunities in the markets to increase sales of the products of the food and beverage sector companies.

sales recovery

The General Manager of the “Liwa Group for Food Products”, Muhammad Nizam, said that “the products of local entrepreneurship companies, recently, witnessed a significant growth in their sales, due to the changes imposed by the pandemic, and the high cost of imported goods, with the increase in shipping and supply fees, This raised the competitiveness of the prices of local goods, and revived the sales of local products at remarkable rates.”

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