Food production firm Mani & Company is to use Dubai as its manufacturing hub for serving markets across the world.
The company has already been distributing to the UAE from its factory in the Dubai Investment Park but is now planning to expand its operations to cover the North African, European and US markets, Emirates Business 24/7 (EB) reported.
Abouzar Rahmani, managing director of Mani & Company Middle East, told the news provider that the plant is scheduled to reach full capacity by the first quarter of next year. The plant has an initial capacity of 3,000 metric tonnes of production per year and is currently at 70 per cent utilisation rates.
The company recently set up its regional headquarters in Dubai and ultimately plans to increase production more than six-fold to 20,000 tonnes in the next five years. This would mean its investments would have more than tripled to Dh100 million, EB said.
Such expansion plans demonstrate the investment opportunities in Dubai. Last week, the Dubai government announced that it had signed an agreement with global management consultancy firm A.T. Kearney to help develop strategies for increasing foreign investment in the emirate.