RIYADH: Dubai-based food and beverages firms grew 11 percent in 2021, Saud Abu Al Shawareb, general manager of Dubai Industrial City said in an interview with CNBC Arabia. The city attracted several international companies in the food sector during the past year, with projections that the number of companies will continue to surge in the sector during 2022, Al Shawareb
E-commerce in the F&B industry is booming with recent research forecasting it to reach $71.62 billion by 2028, registering a compound annual growth rate of 17.8 per cent.
DUBAI: China’s WenChao Group is investing more than 735 million dirhams ($200 million) to construct a food manufacturing facility in Dubai Industrial City, said a statement issued on Tuesday. The agreement was signed in Dubai at the Global Manufacturing and Industrialization Summit. The first phase of the project is scheduled to begin in the first half of 2022, comprising an