Consumer goods and pharmaceutical firms thriving in Dubai

20/09/2011 - Dubai Investment News Posted by Neil King
Consumer goods and pharmaceutical firms thriving in Dubai

Investors looking for new opportunities in the Middle East could be among those encouraged by new figures, highlighting Dubai's business strength.According to official figures, fast moving consumer goods and pharmaceutical companies based in Jafza generated trade worth Dh13.3 billion in 2010.This shows the significant strides the region has made over the last decade, with just Dh2.8 billion worth of trade recorded in 2001.As such, the region has seen business increase at a compound annual growth rate of 20 per cent over the last ten years.Talal Al Hashimi, managing director of EZW in the UAE, said: "The consumer market in the region is still growing, in line with growing demand and changing lifestyles despite the challenging market conditions and the economic downturn."The industry-specific businesses based in Jafza have shown an impressive growth in 2010 after a slowdown in 2008 and 2009 and we are keen to help them maintain this momentum."