British government figures indicate that the UK trade with the Middle East amounts to $57.2 billion annually, with the Gulf region accounting for $50.8 billion. The two regions are experiencing a time of advantageous trade opportunities and a period of rapid growth and diversification.
With so many opportunities for bilateral trade and investment, the upcoming virtual GCC-UK Trade Summit, organized by Add Enterprise International, will bring together commercial opportunities, experts, live projects, and potential suppliers to explore and encourage trade and investment over the next decade. The event, on June 29, will include the participation of more than 40 speakers and 400 attendees.
The GCC-UK Trade Summit aims to facilitate foreign direct investment, business, and trade between the GCC and the UK, providing a platform for businesses to expand into new markets and build networks. It will present some of the most prominent projects currently underway in the GCC, providing updates
Minister tours Al Barakah Dates factory, reviews expansion plans
Dubai, UAE, 3 hours, 12 minutes ago UAE Minister of State for Food and Water Security, Mariam Almheiri, has visited the site of a date factory in Dubai that once complete will become the world’s largest privately-owned date processing facility. The minister visited Al Barakah Dates, a market leader for packaged and processed dates, to review its expansion plans in Dubai Industrial City, one of the region’s largest manufacturing and logistics hub. Almheiri was joined by Saleem Mohamed and Yousuf Saleem, Chairman and Managing Director of Al Barakah Dates respectively, and Saud Abu Al Shawareb, Managing Director of Dubai Industrial City.
EDB to launch Dh1 billion investment fund for SMEs, start-ups
Waheed Abbas/Dubai Filed on April 5, 2021
EDB will also complement its offering to companies and entrepreneurs with training, counselling and guidance for UAE citizens and residents.
EDB will act as a critical financial engine for the national industrial strategy Operation 300bn.
Emirates Development Bank (EDB) will launch a Dh1 billion investment fund for start-ups and SMEs in 2022 and targeting industrial companies in priority sectors that need financing and investment.
Under the EDB Strategy launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, on Monday, the Bank allocated Dh30 billion for financing more than 13,500 small and medium enterprises (SMEs) and create 25,000 jobs, mainly in industrial sectors. The EDB Strategy is part of “Operation 300bn” which was launched in March 2021.
Al Barakah Dates expands facility, plans 100,000 t production
Dubai, UAE, 20 days ago Al Barakah Dates has announced plans to expand its existing facility to become the world s biggest privately-owned date factory in Dubai Industrial City, the region s largest manufacturing and logistics hub. The food company will more than double the size of its existing facility to be able to process over 100,000 tonnes of date and date products annually–equivalent to almost half of the UAE’s entire domestic harvest – to become the world’s single largest processor of date ingredients. Its massive new state-of-the-art factory will cover a total area of 600,000 sq ft, including 420,000 sq ft of dedicated processing and cold storage space, and is due for completion in early 2022. To support global decarbonisation efforts, the sustainable facility will be equipped with more than 6,500 solar panels to offset 3,000 tonnes emissions per year.
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