Business

His Excellency Mohammad Ali Rashed Lootah,President and CEO of Dubai Chambers His Excellency Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers,has revealed that 6,478 new Food and Beverage (F&B) companies joined DubaiChamber of Commerce in 2023, representing year-over-year growth of 19.4%.The total number of F&B companies registered with Dubai Chamber of Commerce –one of the three chambers operating under the umbrella of Dubai Chambers – stood at22,585 at the end of 2023, an increase of 22.7% compared to 2022.His Excellency underlined the pivotal role of sector-specific Business Groups inenhancing the F&B industry’s competitiveness. The chamber has launched 11 BusinessGroups dedicated to the industry, eight of which were established in 2023, to advancethe interests of F&B companies, enhance the private sector’s contribution topolicymaking and legislation, and stimulate the growth of the industry.His Excellency added: “We believe in the power of public-private sector partnerships toachieve the goals of the Dubai Economic Agenda (D33) and the National Food SecurityStrategy 2051. Our Business Groups play a key role in working and collaborating withvarious F&B segments to ensure we maintain the competitiveness of private sectorcompanies within this vital industry.”The F&B Business Groups currently operating under the umbrella of Dubai Chamber ofCommerce include the UAE Food & Beverage Manufacturers Group, Fruit andVegetable Traders Business Group, UAE Restaurants Group, Bottled Water BusinessGroup, Agribusiness Business Group, Chocolate and Confectionery Business Group,HORECA Traders Business Group, Meat and Poultry Business Group, BakeriesBusiness Group, Organic Food Business Group, and Coffee Business Group.