More than 6,000 new F&B companies joined Dubai Chamber of Commerce during 2023 representing annual growth of 19.4%
11 dedicated F&B industry Business Groups now work under the chamber’s umbrella
- Mohammad Ali Rashed Lootah: “We believe in the power of public-private sector partnership to achieve the goals of the Dubai Economic Agenda (D33) and the National Food Security Strategy 2051.”
- The chamber launched eight new Business Groups in 2023 to advance the interests of F&B companies and enhance the private sector’s contribution to policymaking and legislation to stimulate the growth of the industry.
Dubai, UAE – His Excellency Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, has revealed that 6,478 new Food and Beverage (F&B) companies joined Dubai Chamber of Commerce in 2023, representing year-over-year growth of 19.4%.
The total number of F&B companies registered with Dubai Chamber of Commerce – one of the three chambers operating under the umbrella of Dubai Chambers – stood at 22,585 at the end of 2023, an increase of 22.7% compared to 2022.
His Excellency underlined the pivotal role of sector-specific Business Groups in enhancing the F&B industry’s competitiveness. The chamber has launched 11 Business Groups dedicated to the industry, eight of which were established in 2023, to advance the interests of F&B companies, enhance the private sector’s contribution to policymaking and legislation, and stimulate the growth of the industry.
His Excellency added: “We believe in the power of public-private sector partnerships to achieve the goals of the Dubai Economic Agenda (D33) and the National Food Security Strategy 2051. Our Business Groups play a key role in working and collaborating with various F&B segments to ensure we maintain the competitiveness of private sector companies within this vital industry.”
The F&B Business Groups currently operating under the umbrella of Dubai Chamber of Commerce include the UAE Food & Beverage Manufacturers Group, Fruit and Vegetable Traders Business Group, UAE Restaurants Group, Bottled Water Business Group, Agribusiness Business Group, Chocolate and Confectionery Business Group, HORECA Traders Business Group, Meat and Poultry Business Group, Bakeries Business Group, Organic Food Business Group, and Coffee Business Group.
Other News
Mohammad Ali Rashed Lootah: “The success of family businesses boosts economic activity and contributes to achieving the goals of the Dubai Economic Agenda (D33).” The ‘Corporate Governance Guidelines for Family Businesses’ toolkit focuses on governance structures, governance frameworks, and key regulatory guidelines for family businesses. Dubai, UAE – The Dubai…
Read more
Mohammad Ali Rashed Lootah: “Engaging with Business Groups and Councils helps to ensure the interests of all economic sectors are addressed, contributing to a dynamic investment environment that unlocks opportunities in diverse areas.” The chamber is committed to enhancing cooperation and building effective partnerships between the public and private sectors…
Read more
A total of 1,118 ATA Carnets were issued and received during the first two months of 2024 for goods with a value of AED 695 million. Mohammad Ali Rashed Lootah: “ATA Carnets enhance Dubai’s economic flexibility and boost the growth of various business sectors, especially in terms of simplifying customs…
Read more
Mohammad Ali Rashed Lootah: “We are keen to enhance the digital and operational readiness of Dubai-based companies to keep pace with the evolving requirements of the ecommerce sector.” Ecommerce is expected to generate revenue of more than US$ 6.7 billion in the UAE during 2024. Dubai, UAE – Dubai Chamber…
Read more
Mohammad Ali Rashed Lootah: “During the past year, Dubai has consistently attracted foreign direct investment from many different nations and sectors, underlining the diversity of the emirate’s business environment and its broad economic appeal.” “The remarkable increase in the diversity of nationalities represented among the owners of member companies reflects…
Read more