KSA accounts for 63% of GCC's USD 9 billion F&B market : SME ...

Saudi Arabia accounts for up to 63% of the GCC?s USD 9 billion food and beverage market, easily establishing the country as a major business and investment destination for key players in the food production value chain.

The country?s burgeoning population, which is expected to double by 2023, has been a key factor in Saudi Arabia?s rapidly increasing food requirements, as per capita food consumption is expected to increase by 31.24% by 2014, according to BMI statistics.

Saudi Agriculture 2011, held under the patronage and support of the Saudi Ministry of Agriculture, is being organised to help shore up ongoing investments in food and beverage production and enable the country to meet its increasing, long-term food requirements. Regional and international exhibitors have already signed up to attend the trade event, showcasing the latest in animal health & production, agricultural finance & banking, agricultural products & services, chemicals & fertilisers, cold storage & crop production, and dairy farming products & equipment, among others.

?Saudi Arabia has been a major destination for regional and international suppliers and manufacturers in the food production value chain because of the enormous growth potential of the Saudi food market. Saudi Agriculture, the country?s prime agricultural trade event for the past 30 years, certainly serves as a major entry point for investors and other key industry players from the Middle East, Europe, the Americas and Asia to expand their presence in the Saudi food sector and contribute in addressing the country?s long-term food security challenges,? said Khalid Daou, project manager of Saudi Agriculture at Riyadh Exhibitions Company.

Saudi Agriculture 2011 ? The 30^th International Agriculture, Water & Agro-Industry Show, will run from September 19 to 22, 2011, at the Riyadh International Exhibition Centre. The trade show, which is accredited by UFI, the Global Association of the Exhibition Industry, will be held concurrently with Saudi Agro-Food 2011 ? The 16th International Exhibition for Food Processing and Packaging. Saudi Agro-Food 2011 will feature the latest products, technologies and services in areas ranging from frozen and chilled foods, confectionery, chocolates, health and natural foods, to presentation, processing and packaging equipment.

Saudi Agriculture 2011 serves as an ideal business-to-business platform for major agricultural producers, manufacturers, dealers, agents and distributors along with key policy makers and high-ranking officials from the Saudi Agriculture Ministry. Other key areas of focus of the trade event include fisheries & fish farming, greenhouses, handling & transport systems, irrigation & landscaping equipment, machinery & spare parts, organic farming, packaging systems & products, pesticides, pumps & pipe systems, seeds & soil nutrition products, spraying machinery, water treatment, water management systems, and warehousing.

Source: http://www.smeadvisor.com/2011/07/ksa-accounts-for-63-of-gccs-usd-9-billion-fb-market/

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