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Home World Middle East

More than 6,000 new F&B companies joined Dubai Chamber of Commerce during 2023 representing annual growth of 19.4% – Business – Economy and Finance

21 February 2024
in Middle East
More than 6,000 new F&B companies joined Dubai Chamber of Commerce during 2023 representing annual growth of 19.4% – Business – Economy and Finance
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His Excellency Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, announced that in 2023, 6,478 new Food and Beverage (F&B) companies became members of Dubai Chamber of Commerce, showing a growth of 19.4% compared to the previous year.

By the end of 2023, the total number of F&B companies registered with Dubai Chamber of Commerce, one of the three chambers under Dubai Chambers, reached 22,585, marking a 22.7% increase from 2022.

His Excellency emphasized the importance of sector-specific Business Groups in boosting the competitiveness of the F&B industry. In 2023, Dubai Chamber of Commerce established eight new Business Groups dedicated to the industry, bringing the total to 11, to support F&B companies, enhance their involvement in policymaking, and drive industry growth.

He stated, “We believe in the power of partnerships between the public and private sectors to achieve the objectives of the Dubai Economic Agenda (D33) and the National Food Security Strategy 2051. Our Business Groups play a crucial role in collaborating with various F&B segments to ensure the competitiveness of private sector companies in this vital industry.”

The F&B Business Groups currently operating under 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.

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Tags: annualBusinessChamberCommercecompaniesDubaiEconomyfinancegrowthjoinedrepresenting
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