Ras Al Khaimah Economic Zone is utilizing the Gulfood exhibition as an opportunity to present the potential of UAE’s food and beverage sector to potential foreign investors.
RAKEZ’s consistent presence at the yearly Gulfood exhibitions highlights the dedication to the UAE’s Food & Beverage Sector and investment prospects available for F&B investors throughout the UAE, particularly in Ras Al Khaimah. Statista data shows that the UAE’s Food & Beverage market has a current revenue of almost $38B and is predicted to grow at a rate of 4.39% per year until 2027.
Ramy Jallad, group CEO of Rakez, said: “With the ongoing dramatic rise in global population, the demand for food is naturally ever-growing too, and so is the scope of investment in the F&B industries across economies… The UAE’s strategic location, diverse population, and booming tourism sector continue to attract investors in the Food & Beverage Sector and that is where RAKEZ comes into play… We support these stakeholders to gain a foothold in the local, regional and global markets, through our business ecosystem.”
Over 730 F&B companies spanning various sectors of the industry, including trading, manufacturing, packaging, catering, and food supply, operate in the RAKEZ economic zone, which is a preferred hub for these businesses. Yasin Abdul Majid Ranani, Managing Director of Al Amir Food Industries, which deals in the production, packaging, and supply of pulses and spices, cites RAKEZ’s suitable infrastructure and set-up costs as the reason for choosing it.
RAKEZ provides investors with end-to-end support, from liaising with government entities for approvals to connecting them with financial solution providers and industry suppliers. At this year’s Gulfood exhibition, RAKEZ is presenting an exclusive business set-up package and extending its expertise and services to new and established companies that want to expand globally.
Sameer K Mohammed, Managing Director of Jaleel Essential Food Industries, and Mamta Khatri, Director of Sai Flavours, both express satisfaction with RAKEZ’s business policies, registration process, and pro-business regulatory environment, which have made it easier for them to operate and grow their companies.
