MANUFACTURING ZONES
ZONE 1 - Food & Beverage
Overview
With the high population growth rate of the region, availability of high quality certified raw materials and increasing consumer income levels, the food and beverage sector is set for fast and profitable growth.
The GCC and MENA region also constitute the largest Halal products market in the world. Abundant and low cost supply agricultural products from the MENA and sub-continent region, along with the high-income levels of the GCC countries, present a lucrative opportunity for high value-added food and beverage companies. Attractive businesses would include frozen dough and long shelf life and processed seafood products.
Industry Highlights:
- Access to GCC and Middle East market of 35 million and 100 million consumers respectively
- GCC food packaged market over US$13 billion and growing at 10% CAGR
Source:
- Global Insight Trade Statistics
- S & P (Standards & Poor) Industry Survey