UAE's food and drink sector should see 2011 real GDP growth of 3.3%, up from 3.0% as country will benefit from widespread social unrest unfolding in Middle East, North Africa, according to industry outlook

Nevin Barich

Nevin Barich

Dec 14, 2011 – Business Wire

DUBLIN , December 14, 2011 (press release) – Research and Markets( has announced the addition of the "United Arab Emirates Food & Drink Report Q1 2012" report to their offering.

BMI's outlook on the UAE's food and drink sector remains very positive in light of recent developments. It recently revised up its forecast for 2011 real GDP growth to 3.3% from the previous 3.0%, which was a result of its view that the country would be among the few to actually benefit from the widespread social unrest unfolding throughout the Middle East and North Africa (MENA) region at this juncture. As one of only a few states that have so far avoided large-scale demonstrations, the UAE has actually seen its risk profile improve since the start of the year. The outlook for Dubai in particular has been given a boost as a result of the 'Arab Spring', as violent unrest on the streets in Bahrain solidifies the former's reputation as a relative safe haven in a volatile region. With investors increasingly on the lookout for such safe havens, BMI is optimistic with its outlook for the UAE's food and drink sector.

Headline Industry Data

* 2011 per capita food consumption growth in local currency = 4.2%; forecast to 2016 = 30.1%
* 2011 mass grocery retail sales = 6.8%; forecast compound annual growth to 2015 = 38.2%

Companies Mentioned:

* Unilever Middle East
* Abu Dhabi National Foodstuff Company (Foodco)
* Al Ain Dairy
* Drink
* Masafi
* Al Ain Mineral Water Company
* EMKE Group (LuLu)
* Carrefour MAF
* Spinneys Dubai

For more information visit


Research and Markets
Laura Wood, Senior Manager
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

© 2021 Business Wire, Inc., All rights reserved.


About Us

We deliver market news & information relevant to your business.

We monitor all your market drivers.

We aggregate, curate, filter and map your specific needs.

We deliver the right information to the right person at the right time.

Our Contacts

1990 S Bundy Dr. Suite #380,
Los Angeles, CA 90025 795

+1 (310) 558 0008
+1 (310) 558 0080 (FAX)

About Cookies On This Site

We collect data, including through use of cookies and similar technology ("cookies") that enchance the online experience. By clicking "I agree", you agree to our cookies, agree to bound by our Terms of Use, and acknowledge our Privacy Policy. For more information on our data practices and how to exercise your privacy rights, please see our Privacy Policy.