IPA Middle East - Industry Stats

Exhibitor Info | Industry Stats

MENA Region General :

More than 600,000 new hotel rooms will enter the market by 2010/11 in greater MENA region (according to Jones Lang LaSalle)
Main focus across the GCC is now on budget hotels
Fastest growing tourism market in the world
Annual growth in terms of tourist arrivals at +10% (WTO)
Foodservice market worth $31 billion annually
UAE third largest re-exporter in the world

SAUDI ARABIA:

Accounts for 47% of GCC economy (#1)
Population: 24million including 7million permanent non-Saudi residents
Population growing at 2.5% annually (will exceed 40mil by 2030)
70% under age of 30
Prefer western style food
WTO member since 2005
Agreement to ease trade restrictions & improve trade & investment opportunities
Largest importer of agri, fish & forestry products amongst GCC countries
$7bn import market for food & agri products
$3.5bn import market of consumer-oriented products
Growing 5% annually
Expecting 8million pilgrims in 2010
Makkah (32.7%rev growth) & Jeddah (30.3%rev growth) amongst 3 biggest hotel markets in Middle East
No import tax on processed food producst manufactured in GCC countries
Only 5% import tax on most food & agri products from non-GCC
Major import partners : US 12.4%, China 10.6%, Japan 7.8%, Germany 7.5%, Italy 4.9%, South Korea 4.7%, UK 4.2% (2008)
Over 90% of foodstufs imported - growing food manufacturing sector
Local Food Processing Sector expanding rapidly with attractive financing and subsidies from Government - high demand for health products due to widespread obesity (one of highest rates of diabetes in the world)
Over 300 Hyper & Supermarkets
Some of the major chains : Panda, Carrefour, Geant, Tamimi Markets, Danube, Al Sadhan
Panda alone is to increase outlets to 130 by end 2010
Carrefour & Geant plan to tripple number of outlets by 2015 (currently 9 Hypermarkets each)
Banned Products: alcohol, live swine, pork & foodstuff ingredients or additives that contain pork products, incl pork fat, lard & gelatin, donkey & mule meat, frog legs, poppy seeds, hemp seeds, hops, swine leather

QATAR:

One of the world's fastest growing economies
Projections for 2009 = 10.2% growth & 2010 = 12% growth
Real GDP will grow at rate of 16.4% in 2009
Construction sector poised for more that 17% yoy growth in 2009
Tourism one of the most important sectors in Qatar
US$17bn investment into tourism infrastructure
Total of 80,000 new hotel rooms available by 2016
Very high GDP per capita = US$ 101,000
Transforming itself into industrial state by investing US$ 130bn in current & new sectors
Qatar Airways
5*Airline, linking Qatar to 84 global destinations
Ranks 3rd amongst 57countries analysed on how well the economies are equipped to tackle recession(after Denmark & Singapore)

KUWAIT:

Accounts for 14% of GCC economy
Extremely wealthy GCC state
Over 60% of population are expats
Demands for divers food products
Over 95% of foodstufs imported
Free trade port in norther Babiyan under construction, with major destinations in Iran & Iraq (over 100mil consumers)

EGYPT :

Food retail sales shows strong growth over past 10years
Varying between 5-15%
Food retail sector continues rapid development
Began with opening of 27 metro outlets = local supermarket chain
Spending power of population increasing
Carrefour - future plans to open 18 stores by 2019 (already 4 in Cairo & Alexandria)
Major outlets in Egypt expanding rapidly (currently 550) : Carrefour, Spinneys, El-Maadi Outlet
Population: 76million (2008)
Demand for ready-made foods increasing rapidly
Food & Agri imports (2007): US$ 27bn
Tariff reduction in Feb 2007 and less complicated customs clearance now encourage chains to stock more imported foods
Dominant suppliers of consumer-ready food products to Egypt: USA, France, Germany, Italy, Switzerland, Greece, Holland, Denmark and recently also Thailand & China

INDIA :

1billion population
Food processing & agri business sector growing at 9-12%
Fruit & vegetable processing to shoot up to 10% by 2010 & 25% by 2025
Ranks 1st in global retail index (most potential lucrative market in the world for retailers, 2. Russia, 3. China, 4. UAE, 5. Saudi Arabia)