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Import in the UAE increased in 2018.

Abu Dhabi Ports handled 1.74m containers in 2018

The number of standard container handling by Abu Dhabi Ports has increased last year by 24 per cent, to reach 1.74 million containers, compared to 1.4 million in 2017, according to the latest statistics.

The statistics reflect the company’s commitment to achieving economic diversification in Abu Dhabi, through the development of non-oil sectors and the use of innovation in its operations.

The amount of general and bulk goods handled by Abu Dhabi Ports in 2018 also increased by 5.9 per cent, totalling 19.7 million metric tonnes (MT), compared to 18.6 million MT in 2017. The turnover of goods transported by vehicles increased by 4.2 per cent to reach 143,000 vehicles, compared to 137,000 vehicles in 2017.

Abu Dhabi Ports recorded an overall growth of 14.2 per cent in 2018, compared to 2017, in terms of its container operations and handling of general and bulk goods.

Abu Dhabi Ports and its subsidiaries accomplished significant achievements, including the launch of new ports, as well as the signing of agreements that will help it achieve the strategic priorities of the Abu Dhabi Vision 2030 and promote the emirate’s leading position in commerce, industry and investment.

It also manages Khalifa Industrial City, which is a major integrated industrial city in the region.

Maqta Gateway, a subsidiary of Abu Dhabi Ports, launched the “Silsal Service,” which provides an easy and safe link for stakeholders in the marine commerce community using blockchain technology.

It also launched “Mamar E-portal” to facilitate commercial activity primarily through marine ports. The portal will subsequently be adopted by the emirate’s land and airports and postal authority, to facilitate trade and the payment of customs fees.

In December 2018, Abu Dhabi Ports opened the Cosco Abu Dhabi Container Terminal, which is part of the Cosco Naval Ports Company, at Khalifa Port.

The new container terminal will help promote Khalifa Port as a regional centre of Cosco’s global operations and will be linked to the “Belt and the Road” initiative.

Khalifa Port also includes the largest container terminal in the Middle East, which has a total area of 275,000-sq metres and is the first semi-automatic container sorting facility in the region with a dedicated container and full-load cargo facility, along with a full range of container packaging services.-TradeArabia News Service

 

Source: http://www.tradearabia.com/news/IND_349573.html

 

Wood needed in the UAE!

 

UAE wood industry rides high on Expo 2020 projects

 

The wood industry in the UAE is expected to boom over the next two years as the country ramps up construction activities ahead of the Expo 2020 Dubai, said leading industry experts.

A large-scale event for the Mena and South Asia region, Expo 2020 will run from October 20, 2020 to April 10, 2021 at the 4.38-sq-m site in Dubai where massive construction projects are taking shape.

With only 22 months to go before the opening, the UAE is pushing to meet the anticipated demand for the six-month global event which anticipates the largest proportion of international visitors in the 167-year history of world expos, they stated.

The wood and woodworking machinery industry will be impacted from the massive construction projects being executed as part of the build-up for the Expo 2020 Dubai, they added.

The demand for wood, wood products and woodworking industry is expected to grow further due to the ongoing construction projects the value of which in September 2017 had ballooned to $252.7 billion, said the experts, citing a BNC report.

The massive construction activities in the GCC – especially in Dubai that is driven by Expo 2020-related infrastructure and projects – will continue to drive demand for wood products in the coming years, they added.

No doubt that the construction boom represents unrivalled opportunities for all industries, particularly the wood industry, which is likely to get a shot in the arm from the region’s $2.4 trillion worth of construction projects. The upsurge in construction activities will continue to drive demand for wood products, wood-based accessories, interior decor, woodworking machineries and wood flooring materials, all needed for the new structures and hotels, which are being built in the lead up to the mega expo event.

According to experts, the demand for wood products is expected to be driven also by the new hotel projects, as hotel developers are racing against time to deliver branded hotel keys as the deadline for the event draws near.

Manufacturers and suppliers of wood products can leverage from the region’s fast-growing market and reap the rewards of unparalleled opportunities generated from the expansion in the UAE’s construction market, in the run-up to the mega global event, they stated.

The wood and furniture market seem very promising, especially with 70 per cent of the timber and wood products are used in construction industry while the rest are used in real estate, interiors, furniture and other industrial applications, the experts added.-TradeArabia News Service

 

Source: http://www.tradearabia.com/news/CONS_349494.html

Saudi PIF plans to build giant leisure complex in Riyadh

A new entertainment complex is being planned for the Saudi Arabian capital city Riyadh as part of state-backed efforts to boost the leisure sector in the kingdom, a report said.

The 100,000-sq-m project will be developed by the Saudi Entertainment Ventures Company (Seven), a unit of the kingdom’s Public Investment Fund, said a report in Saudi Press Agency.

The project will feature a distinctive modern design and will be equipped for sports activities, entertainment and live shows. It will also include a variety of local and international restaurants and cinemas. No details about the value of the project or completion date were provided.

“The complex would be an ideal destination for families to enjoy sports, picnics and arts,” the report said, citing Seven chairman Abdullah bin Nasser Al Dawoud.

The Public Investment Fund established Seven last year with initial funding of SR10 billion ($2.67 billion) and hired former Disney executive Bill Ernest to run it.

Seven aims to build about 20 entertainment centres around the country as Saudi Arabia seeks to add more jobs in the services sector while also relaxing social norms and diversifying the economy away from reliance on oil.

The company has already opened the kingdom’s first cinema in nearly four decades, in partnership with US-based AMC Group, the largest cinema operator in the world.

 

Source: http://www.tradearabia.com/news/CONS_349344.html

Construction in the UAE does not slow down.

The UAE’s newest developer Arada has awarded three main construction contracts at its two record-breaking projects, Aljada and Nasma Residences, in the northern emirate of Sharjah.

Together these contracts will involve the construction of almost 800 new homes, all of which are scheduled to be completed by the end of next year.

At Aljada, the 24 million-sq-ft megaproject that is set to transform Sharjah, the contract to build three Areej Apartments blocks was won by Modern Building Contracting Company (MBCC), a major contractor with extensive experience in the UAE and Saudi Arabia.

Based within Phase One, these buildings will together include 366 units, said the developer.

Mobilisation is currently taking place onsite, and construction work will begin by the end of the year. The firm is already working on the first four Areej Apartment blocks, where construction began at the end of July, it added.

The contract to build the first three Rehan Apartments blocks, also in Phase One of Aljada, was won by Intermass Engineering & Contracting Company (Intermass). Construction on these three buildings, which will include 234 units, is expected to begin this month.

Besides this, the Sharjah-based Intermass has won the main construction contract for Phase Three of Nasma Residences, which consists of 192 villas and townhouses, and is due to start work onsite by the end of 2019.

The company, which has 40 years of experience in the Middle East market, also clinched the package for Phase One and split the award for Phase Two with Klampfer Middle East.

Arada is currently preparing to hand over its first ever homes, as construction nears completion on Phase One of Nasma Residences. The developer is on track to deliver keys to the first set of homeowners by the end of this year.

Arada chairman Sheikh Sultan bin Ahmed Al Qasimi said: “We are pleased to be confirming the construction of 800 well-designed and expertly built homes for Sharjah, a market where demand for the types of communities Arada is building remains exceptional. These three new contract awards show the rapid pace of progress at both of our projects.”

“In line with our promises to buyers, we are now preparing for the handover of our first homes to buyers at the end of this year,” he added.

The contracts announcement follows the recent award of the first Aljada infrastructure contract, to BICC Contracting, in September, as well as the unveiling of the final masterplan design of the Central Hub, a new leisure and entertainment destination for the UAE, which has been designed by Zaha Hadid Architects.-TradeArabia News Service

 

Source: http://www.tradearabia.com/news/CONS_348663.html

Lulu Group expanded its presence in Bahrain

Lulu Group, a retail giant in the Middle East, has further expanded its presence in Bahrain by opening its latest hypermarket in the newly opened Atrium Mall in Saar.

The new hypermarket which is also 7th in the country was officially inaugurated by HH Shaikh Khalid bin Abdullah Al Khalifa, Deputy PM of Bahrain in the presence of  HH Shaikh Sultan bin Hamdan bin Zayed Al- Nahyan, UAE Ambassador to Bahrain,  Shaikh Khalifa Bin Daij, President of Crown Prince Court, HE Zayed Al Zayani, Commerce & Industry Minister, H. Jamil Humaidan, Labour Minister, HE Kamal bin Ahmed Mohammed, Minister of Transportation & Telecommunications, Ambassadors of India, UK and a number of other dignitaries.

Located in Saar, close to the Saudi-Bahrain Causeway, the sprawling 100,000 sq ft new hypermarket has been designed using the latest retail space concepts and most modern technology for ease of shopping and display.

It will serve residents of Budaiya, Hamala, Saar and Janabiya and is also well-positioned to cater to visitors from Saudi Arabia across the border. As always Lulu hypermarket provides the widest range of quality and value-for-money products all under one roof. The outlet has also introduced inaugural offers and deals for a range of products at attractive prices.

“The opening of the 156th Lulu hypermarket in the Kingdom of Bahrain and the 7th in the country is a moment of great pride for us,” said Yusuff Ali M.A., chairman and managing director of Lulu Group after the inauguration. “It is a sign of our steady confidence in the bright future of Bahrain and our commitment to be a part of the progress of the Kingdom”.

“Our total investment in the Kingdom of Bahrain has already crossed BD125 million with seven hypermarkets and one mall. Apart from this, our state-of-the-art logistics center spread around 400000 sq ft, and trading & distribution through the center not only supports our retail expansion but also help in ensuring food security. Our expansion plans are firm and we will open our new project in the Muharaq Central Market by second quarter of next year,” added Yusuff Ali.

“Our growth in Bahrain is powered by the vision of the leadership, the business-friendly economic environment and the ability of our Bahraini employees to absorb and fit into the Lulu service model which puts customers above all. We thank His Majesty King Hamad bin Isa Al Khalifa, HRH Prince Khalifa bin Salman Al Khalifa, the Prime Minister and HRH Prince Salman bin Hamad Al Khalifa, the Crown Prince and First Deputy Premier and the people of this great country for encouraging us in all our expansion strategies and efforts in Bahrain,” he noted.

“Our strong Bahraini work force forms the nucleus of our operations here in the Kingdom and is a key to our success,” he said.

“We work closely with the Ministry of Labour to offer Bahrainis the requisite training to nurture their talent and are proud to say that Bahrainis have proved successful in managerial and specialized positions not only in the Kingdom but across the Lulu network in other GCC countries as well. There are more than 1,200 Bahrainis who work in the Group and we will continue to support Government’s Bahranization plan by giving employment to more Bahrainis in our upcoming projects,” he added. – TradeArabia News Service

 

Source: http://www.tradearabia.com/news/RET_348387.html

Dubai 2019 Retail Calendar features 50% rise in events

The Department of Economic Development (DED) and Dubai Festivals and Retail Establishment (DFRE), have jointly announced the 2019 Retail Calendar showcasing 18 events over 247 days, versus 12 events over 178 days in 2018.

Featuring even more city-wide events, activations and experiences throughout 2019, the calendar is strategically catered to provide active stimulus to resident and tourist consumer spend on shopping throughout the forthcoming year.

Additionally, aimed at prioritising wider and inclusive sector participation thereby extending the economic benefits of the initiative to a wider base, the 2019 Retail Calendar offers a reduction in fees for all small and medium enterprises to enable dynamic adaptation to the ongoing disruptions impacting retail, whilst retaining competitiveness in the global environment.

The Retail Calendar is reflective of strong and successful collaboration between both government departments (DED and DFRE), and the private sector, developed with significant input from 18 major retail and mall groups in Dubai, to create relevant activations that highlight the diversity and competitiveness of Dubai’s retail value proposition through a series of festivals and events suitably synchronised with the global and domestic retail and fashion cycles.

The year-long Retail Calendar will assure Dubai’s continued international standing as a must-visit shopping destination, enabling growth of the Dh128.45 billion ($35 billion) sector that is projected to grow a further 5.6 per cent from 2018, to reach Dh160.7 billion ($43.7 billion) by 2021.

The 2019 initiative, now in its third year of operations, will play a particularly crucial role in (i) ensuring acceleration across Dubai’s retail economy; (ii) supporting greater SME contribution; and (iii) enabling boost profitability with an increase in spend from both residents and tourists, propelled by a tactical schedule of sales and promotional shopping campaigns.

As a key pillar in Dubai’s destination offering, the health and sustained development of Dubai’s retail sector has a consequential impact on tourist experience and attraction, in addition to the direct economic contribution of the sector itself. Considerable progress has been made since the inception of the Retail Calendar in 2016-2017 to deliver critically enabling regulations, core infrastructure projects, and city-wide service enhancements, fine-tuned to meet market and segment priorities across tourist points of interaction with destination retail.

Through 2018, the number of international brands available in Dubai has continued to rise as has the portfolio of retail outlets and experience options, addressing a wider and more globally connected consumer, ultimately increasing the attractiveness of the emirate as a shopping destination.

Sami Al Qamzi, director general, Department of Economic Development (DED) commented: “The retail sector is a key contributor to Dubai’s thriving economy and makes up a considerable volume of the emirate’s GDP. We are committed to consolidating efforts across Dubai to offer exceptional and high quality experiences in terms of infrastructure, initiatives and incentives in collaboration with the public and private sector, to continue to boost the retail industry. The DED, in collaboration with Dubai Tourism, will continue to build on Dubai’s already successful position as a favourable shopping destination, and provide fledgling SMEs with the opportunity to grow their companies here within the emirate.”

“It is our key priority to enhance greater competitiveness of the retail industry in Dubai, while ensuring a healthy bottom line for all participants to sustain growth. Combining retail with events and promotions has allowed us to streamline various activations across the year, to accelerate the success of Dubai’s retail model, whilst allowing us to collectively focus on increasing the GDP contribution of the sector to Dubai.”

Helal Almarri, director general of the Dubai Department of Tourism and Commerce Marketing (Dubai Tourism) said: “Dubai has been continually growing as a leader in global travel, with the highest average spend per tourist and ranked fourth most visited city in the world, according to the latest MasterCard surveys.

“As one of the core pillars of our destination offering, the retail sector is a high priority for Dubai Tourism – in addition to increasing the number of international visitors to the emirate, we are also focused on significantly enhancing the economic value created (across all travel related industries) to our GDP. The strategic revisions made to the 2019 Retail Calendar mark a significant investment from Dubai Tourism to further enhance the wider domestic economy, and represent our continued commitment to making Dubai a leading retail destination and increasing overall spend per visitor.

“We’ve already seen great success with events such as Chinese New Year and Diwali, aimed at two of our top source markets and building on this, we’ve added ‘Russian Holiday’ during Dubai Shopping Festival in January 2019 timed with their peak travel to leverage growing Russian traffic to Dubai and their affinity for shopping.

“Our strong continued collaboration with DED and the industry, has been a critical enabler to the creation of this strategically aligned programme for 2019, that will strengthen the foundations for even greater acceleration towards 2022 and beyond, particularly in attracting more shopping enthusiasts to spend more within our economy,” he added.

The 2019 edition is set to launch on December 26, 2018, the opening day of the Dubai Shopping Festival which this year has been extended for a further full week based on feedback from retailers. The 2019 Retail Calendar will showcase the annual schedule of anchor retail activities being conducted and promoted at a city-level including shopping-related festivals, promotions and seasonal offer periods, mega-sales and clearance events and exclusive retail experiences and activations.

Included in the 2019 Retail Calendar will be the following festivals and events: Dubai Shopping Festival, Russian Holidays, Dubai Shopping Festival Final Sale, Chinese New Year, Dubai Food Festival, Spring/Summer ‘19 Collection Launch, Home Festival, Ramadan in Dubai, Eid in Dubai (x2), Dubai Summer Surprises, Dubai Summer Surprises Final Sale, Back to School Season, Fall/Winter ‘19 Collection Launch, Diwali, Dubai Fitness Challenge, 3-Day Super Sale (x2) and Gifting Weekend.

The 2019 Retail Calendar has been developed in close partnership with 18 major retail partners who continue to contribute to the growth of the sector and the GDP of Dubai.

Ahmed Al Khaja, CEO of Dubai Festivals and Retail Establishment (DFRE), an agency of Dubai Tourism, said: “We are constantly looking for ways in which to support and promote the retail sector within Dubai; from large retailers and mega global brands, to the smaller high-potential SME segment. Following detailed analyses and close coordination with our strategic retail partners, we have introduced noteworthy changes to the new Retail Calendar, and are confident in its ability to impact continued positive and sustained sector growth across Dubai.”

“We have worked with DED to design special incentive specifically for enabling startups and SMEs within retail to take advantage of the opportunities offered by the Retail Calendar, through significant reduction in participation costs.

“Additionally, we have collaborated with all of our partners and key stakeholders to address industry needs in the design of the new detailed programme, to include even more retail events and promotions, ensuring Dubai stays at the forefront of global retail destinations, as well as being able to offer our partners increased opportunities to amplify their offerings.

“Some examples include new ‘Home Festival’, as well as promotions across all homeware, home appliances and furniture, the event will draw inspiration from the popularity of home makeovers, and will encourage architects, interior designers and self-made decorators to enhance client and own homes and working environments with eye-catching and state-of-the-art, yet affordable styles.

“Some of the city’s most popular existing non-retail events will also be enhanced to involve the retail sector, such as Dubai Food Festival, the annual celebration of Dubai’s gastronomy scene, which in 2019 will feature additional layers of promotions and offers on related product categories thereby creating natural synergies across both industries and driving spend collectively,” Al Khaja concluded. – TradeArabia News Service

 

Source: http://www.tradearabia.com/news/TTN_348314.html

Major spectacle to celebrate UAE’s 47th National Day during Saturday and Sunday 2nd-3rd December

Over 22,000 to attend event at Zayed Sports City Stadium featuring 1,500 performers!

 

Abu Dhabi: The UAE’s 47th National Day will be celebrated in spectacular fashion on December 2, with stunning visual displays, live musical shows, and at least 1,500 performers set to entertain a crowd of over 22,000 people at the Zayed Sports City Stadium in Abu Dhabi — the venue for this year’s official celebration.

“In this Year of Zayed, we commemorate a hundred years since his birth, alongside recognising his legacy as a visionary leader. Throughout these celebrations, we aim to instill his memory and his vision within the hearts of all,” said Abdullah Al Qubaisi, member of the Official UAE 47th National Day Celebration Organising Committee during a press briefing on Monday.

“Over 22,000 people will witness a celebration which takes them through a journey of the UAE’s history. They will visit the life of Shaikh Zayed as a young man, who was a leader with a brilliant vision, a love of life, and a strong will to change the nation around him,” he added, explaining how the live show will be a story of the late Shaikh Zayed and the progress of the UAE over the last 47 years.

Highlighting some of the main themes of the show, Al Qubaisi said they would highlight Shaikh Zayed’s role towards conservation and his work in upgrading the country’s health and education services.

“The celebrations will also highlight Shaikh Zayed’s love for nature and how he sought to protect such beauty for future generations.

“The celebrations will show how Shaikh Zayed looked to provide the people of the UAE with world class health care and education. These are milestones which Shaikh Zayed looked to achieve for the benefit of all the nation,” he added.

“The celebration will also pay tribute to the foundation of the union at Saih As Sidirah, when Shaikh Zayed Bin Sultan Al Nahyan forged a new path for the future of the seven emirates of the UAE with Shaikh Rashid Bin Saeed Al Maktoum. This historic meeting laid the foundation for the nation that we love today,” Al Qubaisi said.

Commenting on the 1,500 performers, Al Qubaisi said that 70 per cent of them are made up of Emiratis.

“Including 1,500 male and female performers — 70 per cent of which are Emirati — the celebration will use a stage built of 20,900 pixels which required over 4,200 scaffolds to develop.

Source: https://gulfnews.com/uae/major-spectacle-to-celebrate-uaes-47th-national-day-1.60584831

 

 

 

 

IMF projects UAE’s economic growth at 3.7 per cent in 2019

Dubai: The UAE economy is projected to grow at 2.9 per cent in 2018 and 3.7 per cent in 2019 against and estimated growth of 0.8 per cent, according to the latest regional economic outlook report of the International Monetary Fund (IMF).

“Growth projections are based on the significant increase in oil prices and the progress the country has made in fiscal adjustments on both revenue and expenditure side. Going forward, we expect the improved government revenues to reflect on the growth in non-oil economy,” said Jihad Azour, director, Middle East and Central Asia Department of the IMF.

The IMF projects strong growth revival in both Abu Dhabi and Dubai in next two years. In 2018, Abu Dhabi’s GDP is projected to grow by 2.7 per cent and 2019 by 3.4 per cent, against 0.5 per cent growth in 2017.

Dubai’s GDP is projected to grow at 3.3 per cent in 2018 and 4 per cent in 2019 compared to a 2.8 per cent growth recorded in 2017.

“Recent oil price increase is yet to trickle down to private sector growth in the UAE and Saudi Arabia. With fiscal and structural reforms already set in motion, it is an opportune time for encouraging growth in non-oil private sector,” said Azour.

The IMF observed that higher oil prices and slower pace of fiscal consolidation are boosting near term growth pro-spects for the region’s oil exporters. GDP growth for oil exporters is projected at 1.4 per cent in 2018 and 2 per cent in 2019.

In GCC countries, following a contraction in 2017, growth is projected to recover and reach 2.4 per cent in 2018 and 3 per cent in 2019. As for the non-oil sector, growth is projected to remain steady at 2.4 per cent.

For oil-importing countries in MENA, growth is expected to continue at a modest pace of 4.5 per cent in 2018, be-fore dropping back to 4 per cent next year, the IMF said.

This level of growth is not sufficient to create the required jobs for a region marred by instability and civil strife, it said. Oil revenues for MENA exporters have increased by about $260 billion (230 billion euros) over the period 2016 to 2018.

This has mostly been due to a price rise generated by production cuts in nations belonging to the OPEC, as well as non-OPEC producers.

Source: https://gulfnews.com/business/imf-projects-uaes-economic-growth-at-37-per-cent-in-2019-1.1542096043901

Bahrain seeks to boost tourism to Hawar Islands

The CEO of Bahrain Tourism and Exhibitions Authority (BTEA), Shaikh Khaled bin Humood Al Khalifa met with acting CEO of Southern Tourism Company, Captain Abdulla Al Murbati, to discuss strategies to boost tourist numbers to Hawar Islands.



The meeting, in line with the directives of the Deputy Prime Minister and Chairman of Bahrain Mumtalakat Holding Company, Shaikh Khalid bin Abdulla Al Khalifa, saw both parties discuss plans currently underway to develop and transform Hawar Islands into an attractive tourist destination. They also discussed increasing collaboration efforts in order to prepare an integrated programme with the aim of increasing tourists visiting Hawar Beach Hotel and the surrounding area through hosting events and activities throughout the year.

“We appreciate the confidence shown by Shaikh Khalid bin Abdulla Al Khalifa in trusting the BTEA to position Hawar Islands as a major attraction in the kingdom. During the meeting with Southern Tourism Company, we discussed the unique and distinctive tourism offerings of Hawar Beach Hotel, which will further contribute to the kingdom’s tourism sector and the national economy as a whole,” said Shaikh Khaled.

Further commenting on the meeting, Captain Al Murbati said: “The meeting held with Shaikh Khaled bin Humood Al Khalifa was extremely fruitful, and provided us with the opportunity to collaborate more closely in order to highlight Hawar Islands’ offerings, particularly Hawar Beach Hotel and the surrounding area; as it is truly unique from the other islands in the Kingdom.”

“The additional efforts in driving tourists to Hawar Islands throughout the year have come as a result of the increase we have witnessed in the number of tourists visiting the Islands as of the start of 2018 up until the third quarter, in comparison to the same period last year. Moreover, there was an increase in the occupancy rate as well as the number of daily trips taken,” Captain Al Murbati added.

The BTEA’s strategy focuses on developing the kingdom’s tourism sector by offering unique tourist attractions, further positioning it as an ideal tourist destination on a regional and international level under the slogan of ‘Ours.Yours.’, which contributes to the Kingdom’s economy and the 2030 Economic Vision.

Southern Tourism Company is owned by Bahrain Mumtalakat Holding Company – the government’s sovereign wealth fund – and specialises in operating the hotel and sea transportation to and from Hawar Islands. –TradeArabia News Service

 

Source: http://www.abc-bahrain.com/News/1/284185

Over 4,000 visitors attend Halal Expo Dubai

More than 4,000 visitors, mostly buyers and sellers of halal products and services, from 40 countries, as well as over 75 companies from 15 countries, attended the 10th Halal Expo Dubai, which opened yesterday (October 29) in Dubai, UAE.

The two-day expo kicked off just two months after Duai Islamic Economy Development Centre recognised the show as part of the Islamic Economy Week.

The recognition will facilitate the trade of UAE halal products worldwide and acceptance of UAE halal standards in the international markets, as well as markets that accept UAE’s halal certification, of which there are 60 markets globally, said a statement.

The UAE is home to 5,000 importers, manufacturers and stockists of halal products. Emirates Authority for Standardisation and Metrology (Esma), the country’s standardisation authority, is expected to issue 18,000 halal certification this year – which is one of the highest in the world.

Companies from Kazakhstan, Malaysia, Spain, Pakistan, Switzerland, India, the UK, Brunei, Thailand, China and the UAE are participating at the show.

These developments are a direct result of the vision of the government as envisioned by HH Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, when he declared his plan to transform Dubai as the global capital of Islamic Economy in 2013.

Subsequently, the government has created Dubai Islamic Economy Development Centre (DIEDC), which is supporting the Halal Expo Dubai.

The global halal economy is estimated to touch the $6.4 trillion (Dh23.48 trillion) mark by 2018, up from $3.2 trillion in 2012, according to a latest report, while Dubai reinforces its position as the capital of the global Islamic economy as it opens doors to the 9th edition of the Halal Expo Dubai.

The GCC countries import $50 billion (Dh183 billion) worth of halal products, according to a latest research by Farrelly and Mitchell – a food and agri-business specialist. Of this, the UAE’s Halal import bill is $20 billion (Dh73 billion), or about 40 per cent of the GCC’s Halal products imports.

Raees Ahmed, director of Orange Fairs and Events, organiser of the Halal Expo – Dubai, 2017, said: “Expo is part of our efforts to help Dubai strengthen its position as the global hub of Halal and Islamic economy.”

“The two-day exhibition will create the right meeting point for international buyers, sellers, producers, manufacturers, importers, exporters and wholesalers of Halal and Islamic products and services and help generate businesses for the leading international Halal suppliers through Dubai,” he said.

“Halal foods are considered to be healthy and hygienic. A growing number of non-Muslim consumers prefer halal foods, as they are deemed safer. As a result, the distribution of halal foods has expanded beyond traditional markets in cities such as Shanghai which has 80,000 Muslims,” he added.

Globally, Muslim expenditure on food and beverage (F&B) was estimated at $1.12 billion in 2014 and potentially rising to $1.58 billion in 2020. Muslim expenditure makes up 16.7 per cent of global expenditure on F&B in 2014.

Orange Fairs and Exhibition, is organising Halal Expo, an international exposition to highlight the growth in the ethical, moral and halal and healthy living, products and services.

Halal Expo Dubai is the largest and most comprehensive Business-to-Business (B2B) halal exposition in the Middle East for the $2.3 trillion global halal industry. The event, which attracted participation from 13 countries in its previous edition and registered 3,700 trade visitors from 40 countries, expect larger trade participation where buyers and sellers of halal products and services are expected to do brisk business.

Halal Expo Dubai focuses on a number of business verticals, including, halal food, halal beverage, halal fashion, halal cosmetics and personal care products, halal travel and tourism, halal hospitality, halal banking and finance, it stated. – TradeArabia News Service

 

Source: http://www.tradearabia.com/news/IND_346980.html