ARNN Group is strategically focusing on expanding its presence in the thriving F&B market across GCC countries, with a particular emphasis on the United Arab Emirates, Saudi Arabia, Oman, and Qatar. Within the GCC region, the food and beverage sector is undergoing a dynamic transformation, blending technological advancements, global trends, and innovative approaches to invigorate essential services and bolster economic growth.
Projections indicate significant growth potential for F&B enterprises in the UAE, Saudi Arabia, and Qatar, with expectations of reaching a combined market value of $36 billion by 2022. Notably, the UAE anticipates a 4% growth rate by 2021, as per recent insights from the Dubai Statistics Center. Against the backdrop of the UAE’s milestone 50th anniversary and the resurgence of its tourism sector, Dubai, in particular, is poised for a resurgence in the hospitality industry.
The GCC region stands out as one of the most luxurious and vibrant markets in the global F&B landscape. Its distinct brand identity in the F&B domain has fostered robust growth in the food service market, strengthening its position in the industry.
Moreover, the F&B sector stands as a prime beneficiary of the GCC governments’ concerted efforts toward economic diversification. Substantial investments in the tourism sector have propelled the growth of the food service market, further enhancing its attractiveness to investors.
ARNN Group is proactively engaged in diversifying its portfolio within the F&B sector across GCC countries, aligning with the region’s evolving economic landscape and burgeoning opportunities.