Al Mazrui: Abu Dhabi’s F&B private sector is seeing major growth

Al Mazrui: Abu Dhabi’s F&B private sector is seeing major growth

Abu Dhabi, UAE – His Excellency Abdulla Mohamed Al Mazrui, Chairman of Abu Dhabi Chamber of Commerce and Industry (ADCCI), highlighted the growth in the Food and Beverage (F&B) and Hospitality sector in Abu Dhabi, and the importance of the Abu Dhabi International Food Exhibition (ADIFE) in supporting this growth.

His Excellency said: “The first edition of the Abu Dhabi International Food Exhibition plays a key role in supporting the development of the F&B sector in Abu Dhabi and increasing its competitiveness. The F&B industry has already seen a major growth over the past few years, which was driven by the strong performance in the tourism industry and the rapid expansion in emirate’s real estate stock, including hotels, residential units, and commercial segments.

As per the latest figures from Abu Dhabi Chamber’s membership database, From 2018 to 2022, new membership registrations at Abu Dhabi Chamber in the F&B and Hospitality sector has maintained growth at a CAGR of 22.2% to hit a record 1,339 new registrations. Furthermore, according to the latest data from the Statistics Centre Abu Dhabi (SCAD), Abu Dhabi’s foreign trade activity in F&B products increased at 3.7% y-o-y in 2021, to reach $4.5bn, where the growth in the emirate’s