Dubai Industrial City received over $95 million in food and beverage investments in 2024
Dubai Industrial City gained over $95.3 million (AED 350 million) in investments from the food and beverage (F&B) sector in 2024. It also welcomed 25 new businesses that rented 1.7 million square feet, according to a statement on Tuesday.
F&B Investments
Last year, Dubai Industrial City, part of TECOM Group, attracted important food and beverage (F&B) investments. One major project was by Silver Line Gate Group, which built a hub producing over 100,000 tons of dairy products, including milk and butter, each year. Construction has started on their new factory, warehouse, and office, set to open this year.
In 2024, Pure Ice Cream, the company behind Kwality and Hershey’s Ice Cream, signed an agreement to build a modern production facility in Dubai Industrial City. This facility, opening in 2026, will increase their production by 300%.
Dubai Industrial City says these new F&B investments show that companies value its well-planned infrastructure, which includes land, storage, and logistics support. This helps speed up industry growth.
In 2023, Dubai Industrial City also partnered with the UAE’s Ministry of Climate Change and Environment to promote sustainable and advanced manufacturing in the F&B and agriculture sectors.
Localized Manufacturing
Dubai Industrial City is home to more than 1,100 local, regional, and international manufacturing companies, including Asmak, Patchi, and Al Barakah Dates. It also has over 350 working factories.
Saud Abu Alshawareb, a senior executive at TECOM Group, said that local manufacturing is key to economic growth in the F&B sector. He added that Dubai Industrial City is helping businesses grow and innovate, supporting Dubai’s Economic Agenda ‘D33’ and planning for long-term success.
Dubai Industrial City was launched in 2004 and is close to Al Maktoum International Airport, Jebel Ali Port, Etihad Rail’s freight terminal, and major highways.
Key Features
The city has specialized infrastructure, including industrial land, storage, and logistics areas. It follows a master plan with dedicated zones for industries such as metals, machinery, minerals, food and beverage, transport, and chemicals.
Published: 19th February 2025
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