Abu Dhabi Food Hub’s Post

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Food and the culinary art surrounding it have a deep connection that binds people globally. Food has been a tool of cultural exchange since ancient times.   This is what moves global food trade; allows countries to access a diverse range of food products that may not be locally available, promotes #economicgrowth and development by creating employment opportunities, generating revenue, and stimulating agricultural production.   In 2022, the global food import bill exceeded US$1.95 trillion, clocking a double-digit increase each year highlighting the growing global demand.   The UAE, today, is considered one of the most important hubs of global #foodlogistics . The UAE traded food products worth US$35.7 billion in 2022, a staggering 24% higher against 2021, contributing to over 5.7% to the UAEs GDP.   The opportunities in the sector are immense for both local and global players as UAE aspires to increase the food trade value by US$10 bn and add 20,000 jobs in the sector in the next 5 years!   The thriving trade hub, UAE, is an attractive location for global producers, traders and entrepreneurs looking to establish a new base.   ·       Strategically located between east & the west, acts as a connecting hub. ·       State of the art logistics infrastructure and multimodal network connectivity. ·       The diverse consumer base is represented by over 200 nationalities offering a perfect platform to promote international foods and cuisine. ·       As a tourism hub, the country and the region offer access to a large and fast growing #horeca / Food services market. ·       UAEs commitment to advancing food security and the directions set to achieve it offers opportunities for investment and partnerships in food production, technology and innovation, #sustainability , skill development and many more areas.   Data sources: FAO, UAE Ministry of economy Ghassan Aboud Group AD Ports Group #foodindustry #marketgrowth #Foodhub #uae #opportunities

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