Media ININ Economy We Trust
Dubai 15-08-2019
A report issued by the Commercial Registration and Licensing Department at the Department of Economic Development in Dubai showed that the total number of companies working in the spices trade in Dubai reaches 514 companies. The first three companies in this field have been founded since 1963 and are still operating.
As for the distribution of licenses in the spices trade in Dubai according to nationalities, India came first, followed by Kuwait, Pakistan, Saudi Arabia, Egypt, Lebanon, Jordan, America, Britain and France. The number of investors in the spices trade reached 2642, including 2497 businessmen (95%) and 145 businesswomen (5%). The total employment in the spices trade is 1210, while the survival rate of companies is 72%.
In spite of the spread of imported spices and spices in local outlets, locally manufactured spices managed to compete within short periods of time. The best evidence of this is the strong increase in the number of their brands. With a number of companies coming to work in this sector as one of the promising areas due to the continued growth in demand and the fact that these products are the basic materials used in the diets of Emirati families living in the UAE.
The production, packaging and packaging of spices and spices is one of the promising industries in the local markets, with the high demand for them, as they are popular with the Arab, Asian and European families residing in the country. Competitive factors include quality and hygiene, high packaging standards, compared to similar Asian products, as well as higher consumer confidence in locally manufactured products, supported by high quality control mechanisms in the country, ensuring vinegar Those products from any impurities or mixtures are not supported.
