Abu Dhabi-UAE:- The Higher Corporation for Specialized Economic Zones (ZonesCorp) has announced its participation in the 10th edition of SIAL Middle East, a leading global platform to promote the food and beverages sector in the region that has played an instrumental role in the growth of the industry, and cemented Abu Dhabi's position as an attractive investment destination.
In line with its participation and Gold sponsorship of the leading event that is running from 9 to 11 December 2019, ZonesCorp is showcasing the benefits and feasible investment opportunities for stakeholders at its Food Hub to attract local, regional and international companies operating in the vital sector.
Food Hub, a dedicated area for the food industry that includes flexible spaces suitable for various small, medium and large projects in the cities of Abu Dhabi and Al Ain, was developed by ZonesCorp, an active member in Abu Dhabi Food Security Alliance, in line with the UAE National Strategy for Food Security 2051 that seeks to promote and develop local agriculture and food production sectors to achieve food security for the UAE.
Offering flexible spaces that cater to the requirements of small, medium and large factories, the Food Hub currently hosts more than 50 facilities in the operational phase involved in the production of bottled drinking water, soft drinks, dates, forage, poultry, dairy and other products.
Strategically located in the cities of Abu Dhabi and Al Ain, Food Hub offers state-of-the-art infrastructure and logistic services, supported by an excellent transport network ensuring easy access to regional markets such as Saudi Arabia and Oman.
Furthermore, the dedicated food cluster offers competitive leasing rates and low operating costs to meet the the evolving needs of investors in the food and beverage sector in the GCC and Middle East. The Food Hub is the ideal platform to grow food and agri business, focusing on indoor farming and agritech; food processing and packaging; and processed animal protein.
Demand for the Food Hub is based on the fact that 90 percent of the UAE’s current food supply is imported; providing an excellent opportunity for both local and international firms to set base in the UAE and contribute to the UAE’s domestic food production.
The food and beverage market in the GCC is set to grow around 7.1 percent annually, reaching US$196 billion (AED719.3 billion) in 2021. A robust and excellent business environment is offered at Food Hub with import duty exemptions on machinery and raw materials and tariff-free access to 22 countries across MENA, Asia and Europe.
SIAL Middle East is the fastest growing event in the food, beverage and hospitality sector in the region. The three-day exhibition is part of SIAL Group, the world's largest network of specialized food fairs, that also organizes SIAL Paris, SIAL China, SIAL Canada and SIAL Brazil.
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