23-Nov-2015 - Regional food producers are holding back on new investments, but those who are spending are looking for novelty in chocolate and dates products, according to Jaffan Trading and Marketing.
Russian chocolate-maker Goldberg is planning to establish a factory in the UAE, as it targets the Middle East and North Africa as its first major export market.
Oman and Japan have agreed to form a US$400m investment fund focused on food and agribusiness, aimed at boosting the industry in Oman as well as Japanese exports.
Egypt’s government said it would widen the range of food products it imports, as food price rises push the country’s inflation to 9.7% in October, partly due to a chronic dollar shortage.
BRF will upgrade its factory in Kizad by 28,000 tonnes next year, four years ahead of schedule, as Binghatti Holding announces plans to build a US$40.8m food facility in Kizad.
Almarai has installed a 37,000 bird-per-hour poultry processing line from Ishida, the Japanese firm announced, as it revealed it also made an on-floor sale at Gulfood Manufacturing.