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FINANCIAL NEWS
Food sector sales in UAE to grow at USD17bn
07 Nov 2016
(MENAFN) UAE food sales are predicted to increase by an annual average of 7.3 percent between 2015 and 2020.
Furthermore, the UAE’s seafood demand is also ready for rapid increase in the coming 4 years, with 8 percent compound annual growth rate (CAGR) in fish product sales.
Accordingly, growth amid three sub-sectors of consumable seafood: fish, shellfish and preserved fish will grow at an annual rate of 8.2pct, 7.9pct and 6.3pct, respectively.
Meanwhile, almost 26pct of UAE household predicted to earn more than USD75.000 in 2017 and the average household earning will grow by 27.8pct in 2020.
More News
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
12 Mar 2025
Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
19 Feb 2025
Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
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