GCC food imports to hit $53.1b by 2020

“The value of food imports to the GCC countries will more than double over the next decade to satisfy a growing regional population with more money to spend as the process of urbanization continues. New research shows as food consumption increases, total GCC food imports will reach $53.1 billion by 2020, an increase of 105 percent from 2010 ($25.8). Rising at a rate of 4.6 percent annually from 2011-2015 in a region low on agricultural land and natural water sources, and forced to import 90 percent of its food products, food consumption in the GCC will reach 51.5 million tons per year during this period. Underlining huge opportunities for food and equipment manufacturers and suppliers, the latest estimates have been released by the Economist Intelligence Unit ahead of SIAL Middle East 2011, the region’s professional business platform for the food, drink and hospitality industry.”

1 thought on “GCC food imports to hit $53.1b by 2020

  1. I’d like to have an online chat with you concerning the production of organic fertilizer in the GCC region. We are reaching out with a 6th generation fish based organic fertilizer that we want to produce in the GCC region and we are looking for local investors and partners. If you are interested in this conversation please email me back. Thanks and regards Zubaida

Leave a Reply

Your email address will not be published. Required fields are marked *