Dubai's food and beverage sector is set to grow 36 per cent by the end of 2015, according to a regional hospitality expert.
Quoting a report by the British firm KPMG, Youssef Jammal, head of hospitality and retail at The H Holding Enterprise, said another 1,600 F&B outlets would be added in the emirate by 2019.
"Food sales could grow to Dh38.5 billion in 2015 from Dh28.3 billion in 2011, an increase of 36 per cent. Our hospitality outlets across the UAE have recorded unprecedented sales, exceeding our expectations for the first half of 2015," added Jammal.
The company, which has operations in various investment sectors, currently runs several F&B and entertainment outlets, including Monte Carlo Stars, Cash, L Club, LUA and others. "Expansions in this vital and vibrant sector have been very rewarding. We have allocated higher budgets for expanding into new projects in Dubai's F&B sector," said Jammal.
Congratulation!