The deal is the largest single F&B project in the UAE.
IFFCO will manufacture its entire spectrum of F&B products in DI, ranging from breakfast cereals and edible oils, to ice cream and processed meats. These will be sold globally under its portfolio of over 20 brands that include Noor, London Dairy, Al Baker & Tiffany.
According to Mr Iqbal Usman, Group Director, IFFCO: "DI's pro-business attitude, superior service, commitment to quality, and unique live-work-play-learn environment makes it a location of choice for F&B companies." IFFCO will consolidate a number of its manufacturing operations in the UAE at its new premises, and leverage DI's world-class infrastructure & supporting services to drive its next phase of growth.
Khalid Al Malik, Senior Vice President of Industry and Knowledge, Tatweer, said: "The industrial sector is the largest non-oil contributor to the UAE economy, and has been increasing its dominance in the country. IFFCO's decision validates DI's value proposition for F&B players and adds to the vibrancy of our industrial ecosystem. We are pleased that DI's efficient and professionally structured approach is drawing industry leaders into the City, and catalyzing industrial activity in the region."
Dubai Industrial City aims to provide investors with an ideal environment for both growth and success. As an innovative industrial township, the characteristics and benefits of DI will ensure the competitiveness of IFFCO & other partners on a global level. It also demonstrates DI's strong belief in the potential of the food and beverage sector. The sector has been the largest recipient of investment within industry in recent years, accounting for over 45% of all industrial investment in 2005.
Industry projections put the GCC packaged food market at over AED50 billion, with annual growth of 10%. In addition more than 90 per cent of the region's food and beverage needs are imported. IFFCO's significant shift in business development will aim to reduce the Gulf Cooperation Council's dependence on food imports, and help position the region as a self-sustaining sector in the F&B market.
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IFFCO to establish AED 1 billion facility at Dubai Industrial City
- United Arab Emirates: Monday, September 18 - 2006 at 12:40
- PRESS RELEASE
Dubai Industrial City (DI), a member of Tatweer, has signed an agreement with IFFCO, one of the largest food and beverage (F&B) companies in the region, to set-up a AED 1 billion facility in the township.
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About Dubai Industrial CityDubai Industrial City (DI), a member of Tatweer, was set up on 560 million sq ft of prime land, with the aim of catalysing the growth and expansion of the industrial sector in the United Arab Emirates - especially in high value added manufacturing and production in the sectors of Machinery & Mechanical equipment, Transport Equipment and parts, Base Metal, Chemicals, Food and Beverage and Mineral Products.
Dubai Industrial City provides one of the region's finest business environments and is a one-stop facility for industry and related sectors such as logistics, assembly and warehousing, vocational training and staff accomodation. DI City's strategic location near (Dubai World Central) the new Jebel Ali Airport City, the Jebel Ali Free Zone and Port; trans-Emirates highways, including Sheikh Zayed Road and Emirates Road near the border with Abu Dhabi provides easy and convenient access to global transportation points via road, air and sea.
About Tatweer
Launched in December 2005, Tatweer is one the region's most promising enterprises and the owner of seven market-leading companies and an ambitious business development plan. Its current portfolio is divided into Energy & Healthcare, Tourism & Entertainment, Industry & Knowledge, and includes forthcoming projects that will persist to the best perceived excellence standards in the strive to work Dubai up to the world-class enterprise vision that is set to be accomplished in the imminent future.
A member of Dubai Holding, Tatweer and its entities, Dubailand, Bawadi, Mizin, Dubai Healthcare City, Dubai Energy, Dubai Industrial City, and Moutamarat will continue to consolidate a group of life-improving industries. In addition, it has pioneered the market with joint venture initiatives with leading companies such as the New York Mercantile Exchange or the Saudi Research and Publishing Company.
Tatweer will continuously strive for world-class performance implementing leadership development to drive and sustain business excellence, quality and high performance.
For Further Information:
Agency:
Tarek Sakik
Senior Account Manager
Jiwin the Public Relations Arm
Of Dubai Press Club
Phone: +971-4-3613593
Posted by Lara Lynn Golden, News EditorMonday, September 18 - 2006 at 12:40 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
This article was updated on Sat Jun 23 2007.
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