GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >> Food Industry

 
  Share

Kingdom's leading food industry firms to leverage MENA's largest industrial food and beverage manufacturing and processing event to spur inward investment as part of Saudi Vision 2030 plan to diversify economy

Dubai, UAE – 12 October 2017: Saudi Arabia's leading food industry companies are gearing up for the fourth edition of Gulfood Manufacturing, running from 31 October and 2 November at Dubai World Trade Centre (DWTC), to demonstrate how regional food manufacturing firms and the global industry at large can play a significant role in the innovative Saudi Vision 2030 plan for a sustainable, diversified economy.

According to a recent BMI report, Saudi Arabia's food and beverage industry already accounts for 12 per cent of the country's annual GDP and is expected to grow at a Compound Annual Growth Rate (CAGR) of 5.9 per cent through to 2020. As the Gulf's most populous nation, the Kingdom ranks as the GCC's largest food manufacturer and is the origin of 74.1 per cent of the region's total food and diary production.

Those healthy statistics coupled with economic reforms and a growing youth population with greater disposable incomes and exposure to Western trends has stimulated a change in eating patterns, spurring abundant growth in-market opportunities for the global food and beverage industry.

Government-endorsed programmes such as food security focused King Abdulla's Initiative for Saudi Agricultural Investment Abroad have reinforced the Kingdom's commitment to become a manufacturing heavyweight by enabling domestic food manufactures to compete on an international level in terms of their product technology, price and quality.

Against this backdrop, Gulfood Manufacturing 2017 highlights an array of investment avenues for local, regional and international firms in terms of entry and expansion into Saudi Arabia, as well as offering Saudi manufacturers with the opportunity to network and facilitate potential partnerships with buyers from across the MENA region and beyond.

“With Saudi Arabia occupying such a crucial position in the regional and global food supply chain landscape, and with the ongoing plans for reform and diversification, Gulfood Manufacturing is a strategic platform in the business growth strategies of key players already operating, or exploring expansion opportunities, in the Kingdom,” said Trixie LohMirmand, Senior Vice President, Exhibitions & Events Management, DWTC, which organizes the show.
One Saudi Arabian exhibitor returning to Gulfood Manufacturing is First for Food, which will be showcasing its latest innovations for Ingredients and Processing and Packaging at the three-day mega industry event.

“Thanks to the visionary Saudi leadership, obstacles that many investors previously faced in the GCC's largest food market will gradually fade, and there are great opportunities that have not been exploited in our domestic food industry. To this day, the Kingdom imports 50 per cent of its daily consumer products - this indicates that the food industry is full of opportunities, especially if partnerships are held with the parent manufacturers,” Dr. Ihab Jaffan, Sales Director at First for Food, which will be exhibiting in Hall 1, stand B1-24.

“Gulfood Manufacturing is extremely important as a sourcing platform for us, it allows us to put our experience of more than 23 years at their service,” added Jaffan, whose firm specialises in providing full-spectrum services across the bakery and confectionary sector. “This exhibition boosts investor confidence and helps drive business across the region.”

First For Food is one of more than 1,600 exhibitors from more than 60 countries and 30 national pavilions showcasing the latest innovations, with first-time participation from countries including Poland and the CIS.

To ensure participating companies can connect with the right partners and investors, Gulfood Manufacturing 2017 will host the ‘Big Buyers' Programme, which will collect more than 2,000 pre-qualified buyers with a pre-determined budget from across the Middle East and Africa.

Also new for this year are the Gulfood Manufacturing Awards, which will recognise industry excellence in a glittering ceremony on the evening of October 31, while the Innovation Tours will offer visitors a memorable journey showing real-life innovations within some of the region's top, award-winning food factories.
An industry-leading conference will also be held on the sidelines of the exhibition featuring in-depth analysis, debate and discussion on topics including digitisation in the food manufacturing industry, smart manufacturing, big data and analytics.

Gulfood Manufacturing 2017 opens from 10 am – 6 pm on 31 October and 1 November, and 10 am – 5 pm on 2 November 2017. The show is open to F&B trade professionals only and visitor attendance is free of charge.



Posted by : GoDubai Editorial Team
Viewed 20411 times
Posted on : Thursday, October 12, 2017  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Coffee at the touch of a button with ‘Quespresso'
Next Story : The great taste of Lavazza coffee now available in an instant!
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Time for Some AIGNER Love
RUNWAY DUBAI creates a new buzz campaign for fashion tourism
Reverse the effects of hair fall with Crescina Re-Growth HFSC Shampoo
Achieve whiter teeth at home with Spotlight Teeth White Strips
Skyline Conducted Women of Substance: A Panel Discussion on Women Empowerment
UAE National Day celebrated in Skyline Carnival 2017
SUC signed MOU with Waldorf Astoria Ras Al Khaimah
Golden Bridge Rectangle Diamonds Celebrates The Virtuosity Of Art Deco Design Genius
SUC conducted Tour Guide Training Program for SCTDA
Calvin Klein Presents Steadfast Collection
Gift gorgeous skin this festive season.
NIVEA MEN and Real Madrid Extend Partnership Globally Covering 70+ Countries
Sthan, bringing you authentic Frontier food from beyond borders, is now open in Dubai
Mohammed bin Rashid Launches UAE Astronaut Programme
Absolutely Rejuvenated Skin to Start the New Year
BOSS watches presents Navigator Collection
Coach Women's Lex Stainless Steel Bracelet Watch Collection
‘Artistry' - Branded Jewellery show at Malabar Gold & Diamonds' outlet in Meena ...
Celebrate the Festive Season With the Galleria on Al Maryah Island in Abu Dhabi
Glamazle.com names a Lipstick after Yardstick Marketing as a testimonial to the ...
Step into 2018 with skinade & slow down the signs of ageing
Together for Egyptian Cinema: A Million happy viewers
Bovet Presents Brilliant Is Beautiful Gala Benefitting Artists for Peace and Ju...
With the Increasing Trend of Grooming Among Men, Kaya Skin Clinic Launches an Ex...
The First “Dilmah Silver Jubilee Gourmet” in a Middle East Hotel Opens in Pullma...
Lg V30+ Launches in the Uae and Makes Its Way Into Customers' Pockets and Lives
Over 200 developers across India participate in CREDAI's Indian Property Show
SUC Conducted the 10th CEO Lecture Series
Unilever's Lipton Jebel Ali Tea Factory First in MENA to Achieve Bronze World Cl...
Nouveau Lashes & Beauty – The Aftercare Range
Win 3000 Dollars with Splash
Dubai-based teen star Polina Butorina releases her debut album ‘Ocean of Emotions'
Switzerland wins a Good Design Award for the first chronograph-watch in history
Ghantoot present 17th Emirates Open Polo Championship International
Epson to showcases the future of large laser display technology at InfoComm MEA 2017
Al Tayer Motors Celebrates 100 Years of Ford Pick-up Trucks
Automechanika Riyadh turns focus on exciting growth potential of Saudi automotiv...
DIFF Welcomes Robert Bosch Stiftung to the Festival's 14th Edition
Registration Opens for the Fazza Championships for Falconry 2018
SOUQ launches “Amazon Global Store” bringing over a million global products to t...
10 years on Bremont refreshes ALT1-P range
Joyalukkas the World's Favourite Jeweller Now Launches in South Extension, Delhi
Saxo Bank 2018 Outrageous Predictions: 2018 will be a true roller coaster ride c...
Saint Honore presents the distinguished Haussmann for men in an elegant avatar
Green Hope on Former US Vice President Al Gore's 24 Hours of Climate Reality telecast
The du Youth Council Holds a Volunteering Day at Al Ain Zoo with People of Deter...
LG bets high on Premium TV Market with industry leading OLED Technology
Huawei's ultimate gift guide for the 2017 Holiday Season
Indian realty in revival mode, says industry expert
Ring in the New Year with Ramada Plaza Jumeirah Beach in JBR at Fogueira, Speake...