In a globalized society , countless numbers of people go to other lands. People come in a variety of tastes and cultures. Dubai has a larger proportion of expatriates than residents due to the migration of people from other countries, including China, Russia, both American continents, and the rest of the world.
Why is the F&B market in Dubai the best?
Dubai had to have a variety of facilities, simple business formation procedures, a global market, hospitable locals, and much more.
In 2015, the UAE had one of the largest food and beverage markets in the world, valued at AED 2.4 billion, according to KPMG (that’s one of the Big Four accounting firms).
The second-largest and one of its most significant Emirate in the UAE is Dubai.
According to a KPMG survey conducted inside Dubai,
- 67 percent of the city’s residents go out to supper on the weekends.
- While 44% elects to offer a takeaway product.
- One monthly brunch outing is reported by 66% of the population.
5 Reasons Why you should invest in Food and beverage Industry?
1 Tourist Attraction
Dubai is full with prospects for startups and established businesses, as well as a vibrant culture. Due to the abundance of SME’s in Dubai, both locals and tourists have more possibilities to explore this magnificent city. In 2018, around 15.93 million foreign overnight visitors came to Dubai; this number has since risen.
2.Strong Infrastructure
Leading industrialists and construction firms have established themselves in Dubai and are erecting cutting-edge structures. There are several reasons why you should invest in Dubai. By 2050, Dubai is expected to rank among the most cutting-edge cities, according to the UAE government.
3 Easy business setup inside the free-trade zone
Some of the authorized zones in Dubai and the UAE do not impose any kind of taxes on your company. There are advantages to setting up your firm in free economic zones.
- Corporate tax, income tax, and other custom charges are all zero percent in free economic zones.
- Given that the majority of expats reside there, the free zones offer some of the best opportunities for you to establish your food and beverage business.
- Due to Dubai’s well-known expedited licensing procedure, you can launch a food and beverage business there right away.
4.Elite dining establishments and lodging
one of the best spots on earth to spend time. Dubai’s downtown is home to the seven-star Burj Al-Arab hotel. Each of these amazing locations offers a lifelong collection of unforgettable experiences. Dubai offers these expatriates in the area Zaroob, Tom and Serg, Bu Qtair, Din Tai Fung, Ravi restaurant, Calicut Paragon, and much more.
5 New developments in the Industry
Dubai is the birthplace of several recent laws and regulations. Global exhibitions like Gulf Food Manufacturing serve as a focal point for the food and beverage industry’s display of international goods, services, and innovations. Additionally, the event will serve as a forum for discussion on pressing issues such as rising food prices, sustainable development, maintaining inflation, food engineering, and many.