Economy Events Local February 19, 2025

Dubai Industrial City Attracts Over 350M AED Investments

Dubai Industrial City announced a significant achievement by attracting over 350 million AED investments in the food and beverage sector for 2024 during the Gulf Food 2025 exhibition. The region showcases robust investor confidence and growth in this vital industry, aligning with UAE's national food security strategy for 2051.


Dubai Industrial City Attracts Over 350M AED Investments

Maria Promyshlennogo Goroda Dubaya announced a new achievement - the formation of investments in the food and beverage industry, exceeding a total of 350 million dirhams by 2024. This announcement was made during the participation of Promyshlennogo Goroda Dubaya at the Gulfood 2025 exhibition.

The industrial city of Dubaya, one of the 10 specialized business complexes included in the 'Ticom' group, attracted more than 25 clients from the food and beverage industry sector, which leased 1.7 million square feet of high-quality production areas by 2024. This reflects significant growth in the sector at the regional level, as well as investors' confidence in Dubai as a leading global center for innovation and growth in new markets.

The executive director of the Ticom group for the industrial sector, Saud Abulsharbar, emphasized that 'strengthening national production chains is an essential step for stimulating social and economic growth through the food and beverage industry.' He stated: 'We must prioritize strengthening the entire value chain, contributing to sustainable growth and long-term production security, in accordance with the national strategy for production safety by 2051 in the UAE.'

He added: 'The industrial city of Dubaya creates a supportive environment for industrial sectors, ensured by all conditions, including developing infrastructure, to achieve the goals of the '300 billion' strategy and the 'Made in UAE' initiatives. We aim to contribute to innovation, growth, and the expansion of companies in the food and beverage industry sector from Dubai to the world, aligning with the goals of the Dubai Economic Agenda D33.'