UAE, Dubai Dubai Chambers hosted a B2B business matching event at its headquarters in Dubai for a Canadian food and beverage trade mission. The event aimed to connect Canadian food and beverage companies with Dubai’s food and beverage industry representatives. Mohammad Ali Rashed Lootah, President & CEO of Dubai Chambers, and H.E. Radha Krishna Panday, Canadian Ambassador to the UAE, were in attendance.
A total of 195 business matching meetings were held with Dubai stakeholders and companies, providing the Canadian trade mission with opportunities to collaborate and form partnerships that will unlock the potential of the food and beverage sector.
“Canada has long been a strategic trade partner for the UAE and Dubai Chambers’ role is to connect Dubai and Canadian markets, bringing together relevant parties to facilitate events and meetings to further strengthen bilateral trade and commercial relationships. F&B is a major, profitable business industry in Dubai and foodservice, in particular, is receiving growing interest amongst investors. Therefore, we are bringing together Canadian and Dubai companies to explore and capture the opportunities emerging from this important sector. Growing trade relations with Canada will advance mutual business opportunities in the food and beverage sector as well as support the UAE’s food security ambitions,” said Lootah.
Echoing similar sentiments, H.E. Radha Krishna Panday, Ambassador of Canada to the UAE, added, “Dubai Chambers is a long-standing and trusted partner for Canada. Together, we have strengthened the business ties between our countries, and we are always looking for opportunities to move the relationship forward. We are grateful to Dubai Chambers for welcoming our food and beverage delegation from Canada this week, and for hosting a successful business-to-business program.”
The UAE government has increased its emphasis on food security in recent years in order to ensure that the economy remains competitive and is fully prepared to meet future challenges for the next 50 years.
According to Euromonitor, the value of UAE consumer foodservice sales reached AED44.5 billion in 2021, up 16.4% from 2020. UAE consumer foodservice outlet sales are expected to reach AED 55 billion by 2026, growing at a CAGR of 4.3%.
The UAE National Food Security Strategy 2051 calls for the country to form international alliances to diversify food sources, to improve local food production with advanced technologies, and to enact legislation and policies to reduce food waste. The strategy provides investors with the assurance and policy stability they need to pursue long-term opportunities in the sector.
Through business matching programs and other collaborative initiatives, Dubai Chamber provides both Dubai and Canadian businesses with a unique opportunity to collaborate and create partnerships that unlock the potential of the food and beverage sector to enable further mutual economic growth and expand trade opportunities between the two countries.
Source : zawya
