The UAE food sector is poised for significant growth, projected to contribute $10 billion to the nation’s GDP and create 20,000 jobs by 2030. This announcement was made by Abdullah Bin Touq Al Marri, Minister of Economy, during the sixth edition of the Future Food Forum 2024.
As the UAE strengthens its commitment to food security and economic diversification, these figures reflect the government’s ambition to solidify the nation’s role as a regional hub for sustainable food production and innovation.
Previous Milestones in UAE’s Food Sector Growth
Food security has long been a top priority for the UAE, with a target to reduce food imports by 50% by 2050. This commitment aligns with various government-led initiatives to enhance local production and sustainability.
Past events such as the launch of FoodTech Valley and partnerships with Abu Dhabi Food Hub have demonstrated the UAE’s proactive approach to innovation in the food sector. These milestones highlight the country’s focus on self-sufficiency and long-term economic stability, key factors in supporting the projected $10 billion GDP contribution.
The Future Food Forum 2024 also sheds light on the ongoing public-private collaborations that are pivotal in driving the food industry forward. Industry experts, including representatives from the F&B Business Group, emphasized the importance of integrating technology, sustainability, and innovation.
The role of platforms like the Future Food Forum in shaping policy and facilitating sector leadership further cements the UAE’s status as a regional leader in food security and sustainability.
For businesses and investors, the UAE’s thriving food sector offers tremendous opportunities. With a robust support system from both the government and private sector, now is the time to explore investments in this high-growth industry.
