Rakez Highlights Food And Beverage Industry Opportunities At Gulfood Manufacturing 2024

Ras Al Khaimah Economic Zone (RAKEZ) is taking part in Gulfood Manufacturing 2024, a major event for the food and beverage processing sector. This participation showcases RAKEZ's comprehensive business solutions for F&B stakeholders. The economic zone supports nearly 1,000 F&B companies, establishing itself as a strategic hub for industry leaders and innovators.

RAKEZ is emphasising its unique offerings at Gulfood Manufacturing for F&B companies looking to set up or expand in the UAE. These offerings include customised licensing options, cost-effective setup processes, and extensive support services that simplify operations. By making business operations easier, RAKEZ enables companies to focus on growth and scale efficiently.

The economic zone provides significant logistical advantages due to its proximity to key transportation hubs like seaports and airports. This ensures that companies dealing with perishable goods can maintain efficient supply chains. Such logistical efficiency is crucial in the fast-paced F&B industry.

RAKEZ caters to a diverse range of F&B enterprises, from global tea producers like Ahmad Tea to artisan cheese makers such as Italfood, and large FMCG conglomerates like Unikai. This diversity highlights RAKEZ's ability to accommodate various business needs within the sector.

A Statista report indicates that the UAE ranks fourth in the regional food security index. Consumer spending is projected to exceed USD 3,900 per capita by 2025. RAKEZ is well-positioned to support this significant growth trajectory in the F&B sector.

RAKEZ Group CEO Ramy Jallad stated, "Recognising the growing market potential and RAKEZ’s role in meeting the increasing demand within the F&B sector, Gulfood Manufacturing serves as the perfect platform for us to connect with F&B investors looking to enter or expand within the Middle Eastern markets."

Commitment to Industry Support

"This event aligns with our efforts to support the F&B sector by providing the necessary tools and resources that foster growth and innovation," Jallad continued. "At RAKEZ, we are committed to empowering businesses in this vital industry, helping them succeed in a competitive global landscape."

RAKEZ continues to enhance its position as a leading economic zone for the F&B industry through ongoing improvements to its business environment. Strategic partnerships with key industry players further strengthen its role in supporting new and existing enterprises within food production and distribution sectors.

The economic zone is home to notable companies such as Taza and Seara. This positions RAKEZ ideally to support both new ventures and established businesses aiming for success within these sectors.

With inputs from WAM